GBPUSD Forecast:

The GBPUSD was also corrected lower yesterday and that was not a surprise for me. Like the trend, correction is a natural market condition and we may see further downside pullback. Immediate support remain at 1.5850/15 area. Break below that area could trigger further bearish pressure testing 1.5735. Initial resistance at 1.5966. We need a clear break above that area to continue the bullish scenario testing 1.6000/50 before targeting 1.6150. My fundamental focus remains on the US NFP tomorrow and like I said yesterday, price behavior could be a little bit more unpredictable so I won’t rush jump into the market.

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