GBPUSD Forecast:

The GBPUSD was bullish yesterday after found support around the lower line of the bullish channel, topped at 1.5294 and closed at 1.5256. The bias is bullish in nearest term especially if price able to move above the minor trendline resistance (white) testing 1.5350 – 1.5470 area. Immediate support at 1.5235. Break below that area could lead us into neutral zone in nearest term re-testing 1.5150 but as long as the bullish channel hold we are still in a bullish phase.

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