GBPUSD  Forecast

The GBPUSD continued its bullish momentum yesterday and hit my intraday target at 1.6420 earlier today in Asian session. The bias remains bullish in nearest term testing 1.6516. A clear break above that area could trigger further bullish momentum testing 1.6600 even 1.6737. Immediate support at 1.6375. A clear break below that area would lead us to neutral zone in nearest term testing 1.6305. The short term bullishness in the last three days formed three bullish candles  on daily chart so any downside pullback is normal but as long as price moves above 1.6305 – 1.6250 area my intraday bias remains more to the upside after the violation to the trend line resistance stopped the strong bearish outlook.

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