GBPUSD  Forecast

The GBPUSD was indecisive last week and now struggling around 1.5780. The bias is neutral in nearest term. The bullish momentum seems hesitate and still unable to consistently move above 1.5780 but only a clear break and daily close back below 1.5700 could stop the bullish intraday outlook and probably turn the intraday bias to a bearish view testing 1.5600. Immediate resistance is seen around 1.5830. A clear break above that area would keep the bullish scenario strong testing 1.5900 – 1.6000.

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