GBPUSD  Forecast

The GBPUSD had a strong bullish momentum yesterday after unable to break below 1.5650 support area, topped at 1.5815 and closed at 1.5804. This fact keeps the bullish phase since the breakout above the trend line resistance remains strong, still targeting 1.5900 – 1.6000 area. Immediate support is seen around 1.5750. A clear break below that area would lead price to neutral zone in nearest term testing 1.5700 but as long as stays above 1.5650 I still prefer a bullish intraday scenario at this phase.

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