GBPUSD  Forecast

The GBPUSD was indecisive on Friday. There were some downside pressures earlier today in Asian session but found a support around 1.5490 area. The bias is neutral in nearest term. Price is still in a triple bottom bullish correction phase and only a clear break and daily close back below 1.5490 could be a threat to the bullish correction testing 1.5330. Immediate resistance is seen around 1.5582 (current high). A clear break above that area could trigger further bullish pressure testing 1.5650 but I think further bullish correction scenario can only be confirmed by a clear break above 1.5750.

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