GBPUSD  Forecast

The GBPUSD attempted to push higher yesterday, topped at 1.6229 but closed lower at 1.6163. The bias is neutral in nearest term but still within the context of a strong bullish scenario still targeting 1.6300 this week especially if price able to make another strong break above 1.6229.  A break above 1.6300 could open the door for further bullish scenario testing 1.6500 region. Immediate support at 1.6127 – 1.6100 area. A clear break below that area could trigger further bearish pullback testing 1.6050 – 1.6000 but as long as price stays above 1.6000 overall we are still in a bullish phase.

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