GBPUSD Daily Forecast

The GBPUSD had a bearish momentum yesterday. The pair bottomed at 1.6115 and closed at 1.6138. Since the trendline support violated to the downside ( see the chart below) I prefer downside scenario for this week. The bias is bearish in nearest term but we have important support around 1.6100. Clear break below that area should trigger further bearish momentum towards 1.5950 area. Immediate resistance at 1.6180. Break above that area should lead us back into no trading zone.