GBPUSD Forecast

The GBPUSD continued its bearish momentum yesterday, bottomed at 1.5359 and closed at 1.5395. The bias remains bearish in nearest term testing 1.5270 region. Immediate resistance is seen around 1.5430. A clear break above that area could lead price to neutral zone in nearest term but any upside correction now is normal and as long as stays below 1.5515/25 my overall intraday bias remains strongly to the downside and only a clear break back above 1.5650 will interrupt the current bearish outlook. Fundamental focus today is on US NFP data.

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