GBPUSD Daily Forecast

The GBPUSD had a bullish momentum yesterday, topped at 1.6342 and closed at 1.6323. The bias is bullish in nearest term but we seem to have a good resistance around 1.6380 area. Break above that area should trigger further bullish momentum towards 1.6470 area. However I still believe that now is not the best time to trade and I still focus more on the unclear medium bias, where price trapped between 1.6660 – 1.6000 with a series of  false breakdown/breakout adding uncertainty (see chart below).