GBPUSD  Forecast

The GBPUSD continued its bearish momentum on Friday and hit 1.5912 earlier today in Asian session. On my daily chart below we can see the triangle formation has been broken to the downside suggests potential further bearish outlook especially if price able to make a clear break below 1.5940 testing 1.5800 region. Immediate resistance at 1.5970 – 1.6000. A clear break above that area would lead us to neutral zone in nearest term testing 1.6070 but overall I still prefer a bearish scenario at this phase.

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