GBPUSD Forecast:

The GBPUSD had had a significant bearish momentum yesterday, bottomed at 1.6274 and closed at 1.6331. On daily chart below we can see that the trendline support has been violated to the downside indicating a bearish view. The bias is bearish in nearest term targeting 1.6180 area. However CCI in oversold area and heading up on h4 chart so watch out for potential upside rebound testing 1.6370/90 resistance area. Break above that area should lead us into no trading zone.