GBPUSD Forecast:

The GBPUSD attempted to push lower yesterday, bottomed at 1.5349 but closed higher at 1.5398 and keep moving higher around 1.5420 at the time I wrote this comment. On h1 chart below we can see price is moving inside a triangle indicating consolidation. Break above the triangle could trigger further bullish correction testing the trend line resistance and 1.5525 – 1.5575 region. On the other hand, break below the triangle could trigger further bearish momentum testing 1.5250. Pay attention to Non Farm Payroll data today.

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