GBPUSD  Forecast

The GBPUSD attempted to push higher yesterday but whipsawed to the downside and hit 1.5875 earlier today in Asian session after failed to make a clear break above 1.6000/35 resistance area. The bias remains bearish in nearest term as a part of the bearish scenario since the breakdown below the bullish channel testing 1.5850. A clear break and daily close below that area could trigger further bearish scenario testing 1.5700 region. Immediate resistance is seen around 1.5970. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear retesting 1.6000/35 resistance area.

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