GBPUSD  Forecast

The GBPUSD continued its bullish momentum on Friday but found a good intraday resistance around 1.6516. My intraday bias remains to the upside especially if price able to make a clear break above 1.6516 testing 1.6600 even 1.6737. Immediate support at 1.6400. A clear break below that area would lead us to neutral zone in nearest term but as long as price moves above 1.6305 I still prefer a bullish intraday outlook since the violation to the trend line resistance stopped the bearish outlook.

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