GBPUSD Daily Forecast
The GBPUSD attempted to push higher yesterday. The pair hit my long target at 1.6505/59, topped at 1.6600 but further bullish scenario was rejected as the pair whipsawed to the downside, hit the bottom at 1.6367 and closed at 1.6405. After had a false triangle breakdown, yesterday the pair made a false breakout and now seem to re-testing the trendline support. The pair is technically a mess so I think we are now back in no trading zone. Immediate support is seen at 1.6350 followed by 1.6200. Initial resistance at 1.6505/59 area. CCI in neutral area both on h4 and daily chart.