GBPUSD Forecast:

The GBPUSD made another indecisive movement on Thursday, formed a Doji on daily chart. The bias remains neutral in nearest term. However the fact that price still able to stay below 1.6050 area so far should keep the bearish scenario intact with technical target remains around 1.5800 area and I still prefer a bearish scenario. Only break above 1.6050 could be seen as serious threat to the bearish outlook. Immediate support at 1.5920 area. Break below that area should trigger further bearish momentum testing 1.5850 – 1.5800 area.


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