GBPUSD Forecast:

The GBPUSD attempted to push lower yesterday, bottomed at 1.6496 but further bearish pressure was rejected as price closed much higher at 1.6580. On my h4 chart below we can see that price has violated my new trendline resistance (aqua) indicating bullish view in nearest term testing 1.6692 area, but as long as the pair stay below 1.6692, my bearish scenario should remains intact. Immediate support at 1.6550. Another break below that area should trigger further bearish momentum towards 1.6475/90 area.