GBPUSD Forecast:

The GBPUSD made another indecisive movement on Friday, formed another Doji on daily chart indicating consolidation phase since Wednesday. The bias is neutral in nearest term. However, on h4 chart below price has break below triangle formation indicating the pressure is more to the downside with technical target remains at 1.6113. Immediate resistance at 1.6270 followed by 1.6340 area. For me, only break above 1.6400 could be seen as potential threat to the bearish outlook. Below that level, I still prefer a bearish scenario for this pair.