GBPUSD Forecast:

The GBPUSD attempted to push higher on Friday, topped at 1.5677 but closed lower at 1.5591, slipped below the major bullish channel and 1.5550 key support area earlier today in Asian session but still unable to move below that support area so far. The bias is neutral in nearest term but we are still in bearish correction phase. Consistent move below the bullish channel and 1.5550 area could trigger further bearish pressure testing 1.5450 before testing 1.5380 area. Immediate resistance at 1.5590 followed by 1.5630.

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