GBPUSD Forecast:

The GBPUSD had a significant bullish momentum yesterday, break above the trendline resistance indicating potential bullish outlook. The bias is bullish in nearest term but we need a clear break above 1.6430 area to continue bullish scenario targeting 1.6600 area. Immediate support at 1.6330 area. Break below that area should be seen as potential threat to the bullish outlook testing 1.6250 area.