GBPUSD  Forecast

The GBPUSD was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term. I still prefer a major bearish scenario at this phase testing 1.5000 but until we have a clear break and daily close below the double bottom area around 1.5330 I expect no further bearish pressure as price might be in a consolidation phase now. On the upside, a clear break above 1.5490 could trigger further upside pullback testing 1.5650 – 1.5750 area but only a clear break back above 1.5750 could be a serious threat to the major bearish outlook. 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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