GBPUSD  Forecast

The GBPUSD continued its bullish momentum yesterday and now testing 1.6180 resistance area. The bias remains bullish in nearest term especially if price able to make another clear breakout above 1.6180 targeting 1.6276 – 1.6300 key resistance level. Immediate support at 1.6110. A clear break below that area would lead us to neutral zone in nearest term testing 1.6050 – 1.6000 but only a clear break below 1.5950 could be a threat to the major bullish outlook.

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