GBPUSD  Forecast

The GBPUSD regained its bullish momentum yesterday, topped at 1.5921 and hit 1.5936 earlier today. The bias is bullish in nearest term testing 1.6000 area. Immediate support is seen around 1.5900. A clear break below that area could lead price to neutral zone in nearest term testing 1.5850/00 area but any downside pullback now is normal and as long as stays above 1.5650 I still prefer a bullish scenario at this phase with buy on dips strategy as a part of the bullish scenario since the breakout above the trend line resistance.

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