GBPUSD  Forecast

The GBPUSD attempted to push higher yesterday, topped at 1.6453 but close lower at 1.6397. As long as price moves inside the bullish channel my bullish scenario remains intact, but need a clear break and daily close above 1.6420 to continue the bullish scenario testing 1.6615. Immediate support is seen around 1.6350/20 area and the lower line of the bullish channel. A clear break below the bullish channel could create another threat to the current bullish outlook testing 1.6250/00 area.

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