GBPUSD  Forecast

The GBPUSD attempted to push lower yesterday, bottomed at 1.5654 but closed higher at 1.5708 and hit 1.5749 earlier today in Asian session. The bias is neutral in nearest term. We are still in bullish correction phase but would need a clear break above 1.5787 to continue the bullish pressure testing 1.5850 – 1.5900. Immediate support remains around 1.5650. Clear break below that area could trigger further bearish pressure testing 1.5550 – 1.5500 and keep the major bearish scenario remains strong.

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