GBPUSD  Forecast

The GBPUSD was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term with potential daily range to be closely watched between 1.6040 – 1.5910. I still prefer a bearish scenario after the violation to the bullish channel as you can see on my h4 chart below but would need a clear break below 1.5910 to continue the bearish pressure testing 1.5779 area. On the upside, a clear break back above 1.6040 could trigger further upside pullback testing 1.6110.

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