GBPUSD  Forecast

The GBPUSD had a bullish momentum yesterday, topped at 1.6169 and closed at 1.6126. The bias is bullish in nearest term especially if price able to make another strong and clear break above 1.6170 targeting 1.6230 and 1.6276. Immediate support at 1.6100. Break below that area could lead us to neutral zone in nearest term testing 1.6050 – 1.6000 support area but as long as price stays above 1.5950 the major bullish scenario remains intact.

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