GBPUSD Daily Forecast

So far this week, similar to the EURUSD, the GBPUSD has been showing no clear direction. On h1 chart below we can see that yesterday the pair attempted to push lower, bottomed at 1.6187 but further bearish scenario was rejected as the pair whipsawed to the upside and closed higher at 1.6329. Staying away from the market is the best thing to do now. Expect another ranging area between 1.6505 – 1.6215. CCI in neutral area on daily chart.