GBPUSD  Forecast

The GBPUSD continued its bearish correction earlier today in Asian session, fell below 1.6630/20 support area and hit 1.6584. The bias remains bearish in nearest term especially if price able to make another break below 1.6584 testing 1.6550 – 1.6500 support area. Immediate resistance at 1.6650. A clear break above that area would lead us to neutral zone in nearest term but would keep the major bullish scenario remains strong testing 1.6737 before testing 1.6850 resistance area.

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