GBPUSD Forecast:

The GBPUSD had a moderate bullish momentum yesterday, topped at 1.6346 and closed at 1.6333. Earlier today in Asian market price attempted to push higher, testing the trendline resistance (aqua) but, as you can see on my daily chart below, the trendline resistance still did a good job preventing further bullish pressure. I think the trendline resistance area is a good place to have a short position with tight stop loss above it, targeting 1.6190 area. A break above the trendline resistance should trigger further bullish scenario targeting 1.6700 area.