GBPUSD  Forecast

The GBPUSD had a significant bearish momentum yesterday, broke and closed below the range area as you can see on my h4 chart below and hit 1.5756 earlier today in Asian session. The bias remains bearish in nearest term testing 1.5700 – 1.5635 support area. Immediate resistance is seen around 1.5820. A clear break above that area could lead price to neutral zone in nearest term but any upside pullback now is normal and as long as stays below 1.5875 I still prefer a bearish scenario at this phase.

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