GBPUSD Daily Forecast

The GBPUSD had indecisive movement yesterday. The pair failed to make a clear break above 1.6470 resistance area. On h4 chart below we have a rising wedge formation which is technically a bearish reversal pattern especially if violated to the downside. The bias is neutral both in nearest and medium term. Immediate support is seen at 1.6380 followed by 1.6310.