GBPUSD Forecast:

The GBPUSD made indecisive movement yesterday, formed a Doji on daily chart. The bias is neutral in nearest term and I am in no trading zone now but the fact that price still below 1.6000 – 1.6050 area should keep the bearish scenario towards 1.5800 intact, especially if price break below 1.5920 today. On h4 chart below we can see that price is now testing the minor trendline resistance (blue). Break above that trendline should trigger further upside correction testing 1.6050 area. Break above 1.6050 area should be seen as potential bearish failure and could trigger further bullish momentum towards 1.6113 area.