GBPUSD  Forecast

The GBPUSD was volatile but indecisive yesterday. Price attempted to push lower, bottomed at 1.5889 but whipsawed to the upside, closed at 1.5969 and slipped above 1.6000 earlier today in Asian session. The bias is bullish in nearest term still testing 1.6082 – 1.6200 area. Immediate support is seen around 1.5966 (current low). A clear break below that area could lead price in neutral zone in nearest term but as long as stays inside the bullish channel and above 1.5850 my overall intraday bias remains to the upside.

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