GBPUSD  Forecast

The GBPUSD also made a significant bullish correction yesterday, topped at 1.5516 and hit 1.5528 earlier today in Asian session. The bias is bullish in nearest term testing 1.5650 resistance area since a bounce from major trend line support could trigger strong upside pullback, but the major scenario remains to the downside as long as price moves inside the bearish channel and any bullish movement now should be considered as a counter trend moves. Immediate support at 1.5450. Clear break below that area could trigger further bearish pressure testing 1.5400 1.5350 support area but looks like we still have some room inside the bearish channel for further potential upside correction especially if price still move above the trend line support.

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