GBPUSD  Forecast

The GBPUSD failed to continue its bearish momentum yesterday, topped at 1.5735 and closed at 1.5701. The bias is neutral in nearest term and price has been moving sideways between 1.5750 – 1.5600 this week without clear direction and momentum. On the upside, a clear break and daily close above 1.5750 could trigger further bullish pressure testing 1.5800/30 area. Immediate support is seen around 1.5700 – 1.5680. A clear break below that area could trigger further bearish pressure testing 1.5650 – 1.5600.

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