GBPUSD  Forecast

The GBPUSD failed to continue its bearish momentum yesterday, closed higher back above 1.6192 resistance area. This fact activates my wait and see mode for now. Any bullish correction after the fall from 1.6473 is normal, but I need a convincing movement and another daily close below 1.6192 to reactivate my bearish mode, still targeting 1.6000 region. Immediate resistance is seen around 1.6280 – 1.6325. A clear break above that area could trigger further bullish pressure retesting 1.6473.

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