GBPUSD Daily Forecast

The GBPUSD was traded lower on Friday. The pair bottomed at 1.6153 and closed at 1.6209. We have no clear direction in nearest term so I think it’s better not to rush jumping into the market now. In medium term perspective we have key support level around 1.5950. Any movement below that area should trigger further bearish pressure testing 1.5800. On the upside, important resistance is seen at 1.6380 and 1.6660 key level. Immediate support is seen at 1.6090. Initial resistance at 1.6290. CCI in neutral area on h4 chart.