GBPUSD  Forecast

The GBPUSD attempted to push lower last week, bottomed at 1.6109 but closed higher and back above 1.6192, hit 1.6303 earlier today in Asian session. The bias is neutral in nearest term but a clear break and daily close above 1.6310 could trigger further bullish pullback testing 1.6473 key resistance area. On the downside, only a movement back below 1.6192 could change the bias back to bearish. Overall, there is no clear direction for now and we need a clear break above 1.6473 or below 1.6192 to see clearer direction.

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