GBPUSD  Forecast

The GBPUSD continued its bullish momentum yesterday, but found a good resistance around 1.6473 as you can see on my daily chart below and bounced lower earlier today in Asian session hit 1.6411. The bias is neutral in nearest term. Overall price is still moving in a sideways mode and need a clear break and daily close above 1.6473 to continue the bullish scenario testing 1.6745. Immediate support is seen around 1.6380. A clear break below that area could trigger further bearish pressure testing 1.6300 and reopen the door for further bearish pullback testing 1.6310 even 1.6192 support area.

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