GBPUSD  Forecast

The GBPUSD was corrected lower yesterday, unable to consistently move above 1.6300 key resistance area and hit 1.6252. The bias is neutral in nearest term. Overall technical bias remains strongly to the upside, but would need a clear and consistent move above 1.6300 to continue the bullish scenario targeting 1.6500 – 1.6700 area. Immediate support at 1.6250. A clear break below that area would change the intraday bias to bearish testing 1.6200 – 1.6180/50 support area.

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