GBPUSD Forecast:

The GBPUSD attempted to push higher yesterday, slipped above 1.5560, topped at 1.5573 but whipsawed to the downside, bottomed at 1.5393 and closed at 1.5421. This fact can be seen as a false breakout which could trigger significant further bearish momentum re-testing 1.5347 before targeting 1.5250 this week. Immediate resistance at 1.5480. Break above that area should lead us into no trading zone re-testing 1.5560 but I still prefer a bearish scenario at this phase.