GBPUSD  Forecast

The GBPUSD continued its bullish momentum last week, closed above 1.5700. As you can see on my daily chart below price seems comfortable moving above the trend line resistance, aiming for 1.5780 key resistance area which need to be clearly broken to the upside to continue the bullish scenario since the rejection to move below 1.5270 two weeks ago, testing 1.6000 region this week. Immediate support is seen around 1.5650 followed by 1.5600. I do not expect any movement and daily close below 1.5600 as it would postpone the bullish scenario.

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