GBPUSD  Forecast

The GBPUSD had a volatile but indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Price is still in a bullish phase since the failure to move consistently below 1.5650 key support area but need a clear break above 1.5913 to continue the bullish scenario testing 1.6000. Immediate support is seen around 1.5800. A clear break below that area could trigger further bearish pressure testing 1.5750 – 1.5700 support area. Overall price is still trapped in range area between 1.6000 – 1.5650 and need a clear break from the range area to see clearer direction.

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