GBPUSD  Forecast

The GBPUSD had a bearish momentum yesterday, slipped below 1.5500 but corrected a little bit higher earlier today in Asian session hit 1.5556. The bias is bearish in nearest term especially if price able to make a clear break below 1.5500 testing 1.5420 and 1.5330. Immediate resistance is seen around 1.5600. A clear break above that area could lead price to a neutral zone in nearest term but as long as stays below 1.5700 I still prefer to short on rallies.

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