GBPUSD Forecast:

The GBPUSD also has been moving in a triangle formation in the last two days indicating consolidation. The trendline breakdown on Tuesday should keep the bearish scenario intact but we have a bullish warning from CCI divergence as you can see on h4 chart below so we might have some upside attempt testing 1.6400 resistance area but as long as price stay below that area the bearish scenario should remain intact with technical target remains around 1.6113 area. However, if price break above 1.6400 and close above that level today should be seen as a potential threat to the bearish view testing 1.6600.