GBPUSD  Forecast

The GBPUSD attempted to push lower yesterday, bottomed at 1.6004 but closed higher at 1.6066. The bias is neutral in nearest term. Overall I still prefer a bearish scenario as price is still moving inside the bearish channel after broke below the trend line support as you can see on my daily chart below, especially if price able to make a clear break below 1.6000 testing 1.5900 support area. Immediate resistance is seen around 6110 followed by 1.6192. Only a violation to the bearish channel would be a threat to my bearish outlook.

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