GBPUSD Daily Forecast

The GBPUSD failed to continue it’s bullish scenario yesterday. The pair bottomed at 1.6319 and closed at 1.6345. The bias is bearish in nearest term, but on h4 chart below we can see that actually the pair still trapped in triangle area. A breakdown from the triangle should trigger further bearish momentum targeting 1.6200 area. CCI just cross the -100 line up on h1 chart suggesting potential upside pressure testing resistance around 1.6450 area. Break above that area should trigger further bullish momentum back towards 1.6505/59 area.