GBPUSD Forecast:

The GBPUSD slipped below 1.5500 on Friday, but closed higher at 1.5531 and keep moving higher around 1.5660 earlier today in Asian session at the time I wrote this comment. The bias is neutral in nearest term but the fact that the bullish channel has been violated to the downside could set up a bearish view testing 1.5380. Immediate resistance at 1.5590. Consistent move above that area could trigger further upside pullback testing 1.5680 – 1.5700 area but I prefer a short on rallies at this phase.

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