GBPUSD Forecast:

The GBPUSD had a bullish momentum yesterday, topped at 1.6325 and closed at 1.6299. However, actually the pair is still in consolidation phase as price is now still moving in triangle area (I made some adjustments to the triangle). We need a break from the triangle to see clearer direction. Break above the triangle should be seen as serious threat to my bearish outlook testing 1.6400 while breakdown below the triangle should be seen as potential bearish continuation with target remains around 1.6113 area.