GBPUSD  Forecast

The GBPUSD failed to continue its bullish momentum yesterday, slipped back below 1.6473 and now struggling around that area. The bias is neutral in nearest term. Price has been moving higher since August 11 and keeps making higher low suggest that overall the intraday bullish bias actually remain intact and the current bearish pullback is normal. Immediate resistance is seen around 1.6550. A clear break above that area could change the nearest term bias back to bullish testing 1.6600 and 1.6750 region which keep the intraday bullish bias remains strong.  Immediate support is seen around 1.6400 followed by 1.6310.

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