GBPUSD  Forecast

The GBPUSD attempted to push higher yesterday, slipped above 1.5780 but still unable to move consistently above that level so far. The bias is bullish in nearest term. A clear break and daily close above 1.5780 could continue the bullish scenario testing 1.6000 region. Immediate support is seen around 1.5740. A clear break below that area could lead price to neutral zone in nearest term but only a clear break at least below 1.5650 could postpone the bullish scenario. From another technical perspective, 1.5780 level is the 200-daily-EMA so selling around 1.5780 is not a bad idea with tight stop loss above 1.5780 and switch to a buy position targeting 1.6000.

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