GBPUSD  Forecast

The GBPUSD attempted to push lower yesterday, bottomed at 1.5339 but closed higher at 1.5462. The bias is neutral in nearest term. I still prefer a bearish scenario at this phase but as you can see on my h4 chart below we have a double bottom formation around 1.5330 and need a clear break below that area to continue the bearish scenario. On the upside, a movement back above 1.5490 could trigger further upside pullback testing 1.5550 region. Immediate support is seen around 1.5400. A clear break below that area could trigger further bearish pressure retesting 1.5330 key support area.

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