GBPUSD Forecast:

The GBPUSD was indecisive yesterday, formed a Doji on daily chart indicating consolidation. On h4 chart below we can see that price is moving inside a triangle formation which is also indicating consolidation. The bias remains neutral in nearest term and we need a break from the triangle to see clearer direction. The rejection to move below 1.5560/30 area could trigger some upside correction momentum but overall the bearish scenario should remains intact. Immediate resistance at 1.5700 followed by 1.5800. On the downside, break below 1.5560/30 should continue the bearish scenario towards 1.5250 area.