GBPUSD  Forecast

The GBPUSD was indecisive yesterday. On h4 chart below we can see price is moving in range area of 1.5650 – 1.5500 and need a clear break from either side to see clearer direction. A clear break above 1.5650 could trigger further upside pressure testing 1.5750 while a consistent move below 1.5500 could trigger further bearish pressure testing 1.5400 support area. Overall, we are still in a major bearish phase but like I said, there are still rooms for further upside correction moves and market likely to remains volatile and tricky.

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