GBPUSD  Forecast

The GBPUSD was indecisive yesterday. The bias is neutral in nearest term and overall price is still moving sideways between 1.6165 – 1.5875/50 as you can see on my h4 chart below and need a clear break from the range area to see clearer direction. Immediate resistance is seen around 1.5970 – 1.6000. A clear break above that area could trigger further bullish pressure testing 1.6050/70 even 1.6165. On the downside, a clear break and daily close below 1.5850 could trigger further bearish scenario and activate my bearish mode targeting 1.5700.

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