GBPUSD  Forecast

The GBPUSD was volatile but indecisive last week. Overall I still prefer a bullish intraday scenario at this phase after the breakout above the trend line resistance as you can see on my daily chart below but the bullish run remains disappointing in the last two weeks, although weekly chart still shows higher low and high. In general, we can say that price is still struggling around 1.5780 support area. A tricky situation but unless we have a clear break and daily close at least below 1.5700 I still prefer a bullish intraday scenario at this phase still testing 1.5900 and 1.6000 area.

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