GBPUSD Forecast:

The GBPUSD made indecisive movement yesterday, formed a Doji formation on daily chart. On h4 chart below we can see that after had significant bullish momentum on Friday and Monday, the pair was consolidated in a range bound area. I think this consolidation is normal and my view to this pair remains bullish with 1.7100 as potential target. However, CCI just cross the 100 line down on h4 chart so watch out for potential further downside consolidation testing 1.6840 support area.

On fundamental side, beside BoE rate decision tomorrow, we have UK Manufacturing Production and Services PMI today which expected to have positive result. If we have a positive results, the technical bullish view should be supported and we should see further bullish momentum. However if the result is disappointing, we should see further downside correction.