GBPUSD  Forecast

The GBPUSD bullish momentum was paused yesterday. The bias is neutral in nearest term. On hourly chart below we can see price is moving inside a symmetrical triangle formation suggests a consolidation intraday outlook. A clear break below the triangle and 1.6077 support area would change my intraday bias to bearish at least testing 1.6030/00. On the upside, a clear break above the triangle and 1.6192 could trigger further bullish pressure testing the upper line of the bearish channel and 1.6260 resistance area but only a violation to the bearish channel can be a threat to the bearish outlook.

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