GBPUSD Forecast:

The GBPUSD made indecisive movement and still in a high volatile market yesterday. On h4 chart below we can see that price crossed up and down the minor trendline resistance indicating intense battle between buyer and seller without clear direction. Price so far back below the trendline at the time I wrote this comment. Technically speaking, as the major scenario remains to the downside, this fact should give us more bearish probability than bullish, testing 1.4240 region. However note that the market remains tricky and still likely to have high volatility. Immediate resistance at 1.4500/20 area. Break above that area could trigger further bullish momentum testing 1.4600 region.

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