GBPUSD Forecast:

The GBPUSD attempted to push higher yesterday, topped at 1.5616 but whipsawed to the downside, bottomed at 1.5499 and keep moving lower earlier today in Asian session, hit 1.5433. The bias is bearish in nearest term testing 1.5380. Immediate resistance at 1.5470 – 1.5500. Break above that area could lead us into neutral zone testing 1.5580 resistance area but the bearish reversal scenario is confirmed and I prefer to short on rallies.

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