GBPUSD Daily Forecast

The GBPUSD made indecisive movement yesterday, formed a Doji formation on daily chart. The pair actually made a significant downside move, bottomed at 1.6094 but further bearish scenario was rejected as the pair whipsawed to the upside, closed much higher at 1.6281. I think we are now back in no trading zone and it’s better to stay away from the market. Immediate resistance is seen at 1.6350. Break above that area should trigger further bullish momentum. Initial support at 1.6180.