GBPUSD Forecast:

The GBPUSD made a significant bearish momentum yesterday, bottomed at 1.6254 and closed at 1.6267. This fact should be seen as potential further bearish scenario towards 1.6113 area. However, I think we need a consistent move below 1.6250 area to continue the bearish scenario. CCI in oversold area and heading up on daily chart suggesting potential upside correction testing 1.6312 area. Break above that area should trigger further upside correction testing 1.6400 area. As long as price move below 1.6400, I prefer a bearish scenario at this phase.