GBPUSD  Forecast

The GBPUSD had a bullish momentum yesterday, topped at 1.5831 and closed at 1.5820. The bias is bullish in nearest term testing 1.5900 area. However note that overall price is still trapped in range area between 1.6000 – 1.5650 in the last five weeks and need a clear break on either side to see clearer direction. Immediate support is seen around 1.5780. A clear break below that area could lead price to neutral zone in nearest term testing 1.5700 – 1.5650 key support area.

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