GBPUSD  Forecast

The GBPUSD attempted to push higher yesterday, topped at 1.5403 but further bullish momentum was rejected, closed lower at 1.5337. The bias is neutral in nearest term but this fact keeps the bearish scenario intact and gives another chance for downside pressure testing 1.5270 support area. A clear break and daily close below 1.5270 could continue the bearish scenario testing 1.5000 psychological level. On the upside, a clear break and daily close back above 1.5400 could trigger further bullish pullback testing 1.5500 area.

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