GBPUSD  Forecast

The GBPUSD bounced to the upside earlier today in Asian session after failed to break below the trend line support as you can see on my daily chart below, hit 1.5487. The major bearish scenario remains intact, but the trend line support could be a bottom for now and further upside consolidation could be seen as we are entering the end of the year. The bias is bullish in nearest term testing 1.5550. Immediate support at 1.5400. Break below that area would keep the bearish scenario remains strong but still need a clear break below the trend line support to continue the bearish scenario testing 1.5300 and 1.5000.

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