GBPUSD  Forecast

The GBPUSD continued its bullish momentum yesterday, break above the trend line resistance and slipped above 1.6305 earlier today in Asian session. This fact is a serious threat to the bearish outlook and changes my intraday technical bias to bullish testing 1.6420. Immediate support at 1.6250. A clear break below that area would lead us to neutral zone in nearest term but I think we need at least another movement back below 1.6200 to keep the bearish outlook since the fall from 1.6737 remains intact retesting 1.6100 – 1.6000 support area.

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