GBPUSD  Forecast

The GBPUSD attempted to push higher yesterday, topped at 1.5601 but closed a little bit lower at 1.5576 and hit 1.5536 earlier today. The bias is neutral in nearest term but as long as stays above 1.5400 my overall intraday bias remains to the upside since the rejection to move consistently below 1.5270 support area, testing the trend line resistance (red) and 1.5650 – 1.5700 key resistance area.  A clear break above that area and a movement above the trend line resistance could trigger further bullish scenario, challenging the major bearish outlook since the fall from 1.6616 six months ago.

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