GBPUSD  Forecast

The GBPUSD attempted to push lower yesterday, bottomed at 1.6131 but closed a little bit higher at 1.6191. The bias remains bearish in nearest term testing 1.6110 even 1.6050/00 support area. Immediate resistance is seen around 1.6209 (former support). A clear break back above that area could lead price to neutral zone in nearest term testing 1.6300 region but overall I still prefer a bearish scenario at this phase after the violation to the bullish channel as you can see on my daily chart below.

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