GBPUSD  Forecast

The GBPUSD was volatile but indecisive last week, made a Doji on weekly chart. The bias is neutral in nearest term with important range to be closely watched between 1.6473 – 1.6192, but overall my intraday technical bias remains to the upside after the violation to the bearish channel especially if price able to make another breakout above 1.6473 at least testing 1.6545. Immediate support is seen around 1.6338. A clear break below that area could trigger further downside pullback testing 1.6192 but as long as price stays above 1.6192 I still prefer a bullish scenario at this phase.

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