GBPUSD  Forecast

The GBPUSD had another volatile but indecisive movement yesterday, made a Doji on daily chart. Price attempted to push higher, slipped above 1.6040, topped at 1.6082 but the bullish momentum was short lived, closed lower at 1.5955. The bias remains neutral in nearest term. I still prefer a bearish scenario after the violation to be bullish channel but need a clear break below 1.5910 strong intraday support area to continue the bearish scenario testing 1.5779. Immediate resistance is seen around 1.6040 followed by 1.6110.

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