GBPUSD Forecast:

The GBPUSD had a significant bearish momentum on Friday. On my h4 chart below we can see that we have a bearish situation indicated by bearish trendline (red). After consolidating and made some bullish correction, price now has break the minor trendline support (blue) indicating bearish view. The bias is bearish in nearest term at least targeting 1.5760 support area which is my key support level for this week. Break below that area should continue the bearish scenario towards 1.5530 even 1.5355 area. Immediate resistance at 1.5875 and the trendline area (blue, former support). Break above that area should lead us into no trading zone but long position is not recommended at this phase.