GBPUSD Forecast

The GBPUSD had another volatile but indecisive movement yesterday, but overall still able to maintain its bullish bias and stay above 1.5635 – 1.5600 support area so far. There are no changes in my technical outlook. The bias remains bullish in nearest term testing 1.5800 area as a part of the bullish correction phase since bounced from 1.5270. Immediate support remains around 1.5635 – 1.5600. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear.

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