GBPUSD  Forecast

The GBPUSD was indecisive yesterday. The bias remains neutral in nearest term. As long as price stays inside the bullish channel I still prefer a bullish intraday scenario but price is now in a consolidation phase, moving sideways since August 18 and need at least a daily close above 1.6473 – 1.6500 to continue the bullish scenario testing 1.6745 region. Immediate support is seen around 1.6450/25 region. A clear break below that area could trigger further bearish pullback testing 1.6370 even 1.6310 and the lower line of the bullish channel.

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