GBPUSD Daily Forecast

The GBPUSD had a moderate bullish momentum on yesterday. On h4 chart below we have minor bullish channel indicating potential further upside pressure re-testing 1.6660 key resistance level. Below that area, the medium term outlook remains neutral and expect trading range between 1.6660 – 1.6188. Immediate support is seen at 1.6505 – 1.6450 area. CCI about to cross the 100 line down on h4 chart suggesting potential downside consolidation.