GBPUSD Forecast:

The GBPUSD also had indecisive movement on Friday. The pair attempted to push lower, bottomed at 1.5808 but whipsawed to the upside and closed higher at 1.5944. On h4 chart below we can see that after break below the trendline support (orange, now become resistance) and bottomed at 1.5805 price retreated higher back at the trendline. I think this is a normal movement and as long as price stay below the trendline and 1.6000 area, I prefer a downside scenario. However break above the trendline and consistent move above 1.6000 area should trigger further bullish momentum re-testing 1.6113 area. Immediate support at 1.5905. Break below that area should trigger further bearish momentum.