GBPUSD Forecast

The GBPUSD was indecisive yesterday. Price attempted to push higher, topped at 1.5716 but closed lower at 1.5664 and hit 1.5653 earlier today. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.5600 – 1.5550/15. Immediate resistance remains around 1.5735. A clear break above that area could lead price to neutral zone in nearest term testing 1.5785. A clear break and daily close above 1.5785 will interrupt the current short term bearish outlook.


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