GBPUSD Forecast:

The GBPUSD also didn’t make significant movement yesterday. The main trend should remains bearish and I still prefer a bearish scenario but as you can see on my h4 chart below price has violated the minor bearish channel indicating potential upside correction testing 1.5560 area. Consistent move above that area should trigger further upside correction 1.5650 region. The bias is neutral in nearest term. Immediate support at 1.5429 area (yesterday’s low). Break below that area should continue the bearish scenario targeting 1.5347 even 1.5250 area this week.