GBPUSD Forecast

The GBPUSD continued its bearish momentum yesterday, bottomed at 1.5470 and hit 1.5461 earlier today. The bias remains bearish in nearest term testing 1.5400 before testing 1.5270. Immediate resistance is seen around 1.5515/25. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 1.5650 my overall intraday bias remains strongly to the downside as a part of the bearish scenario after broke below the trend line support and EMA 200 and I still prefer to sell on rallies.

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