GBPUSD  Forecast

The GBPUSD maintained it bullish intraday bias on Friday, topped at 1.5644 and now traded around 1.5610. This bullish pullback is still a part of the upside intraday bias after the false breakdown below 1.5330 as you can see on my h4 chart below. While h4 chart outlook suggests a sideways market between 1.5330 – 1.5750, my short term intraday bias suggests a bullish view as long as price stays above 1.5490, testing 1.5750 region. Immediate support is seen around 1.5530. A clear break back below that area could lead price to neutral zone in nearest term testing 1.5490 which could reopen the door for further bearish pressure retesting 1.5330 key support area.

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