GBPUSD  Forecast

The GBPUSD had a bearish momentum last week and now testing 1.5650 key support area. The bias is bearish in nearest term but note that we need a clear break and daily close below the range area and 1.5650 to confirm further bearish scenario testing 1.5550 – 1.5500 area. Immediate resistance is seen around 1.5700. A clear break above that area could lead price to neutral zone in nearest term testing 1.5750 – 1.5800 and keep price in range area a little bit longer.

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