GBPUSD  Forecast

The GBPUSD attempted to push lower yesterday, bottomed at 1.5772 but further downside pressure was rejected, closed higher at 1.5844. The bias is neutral in nearest term but overall my technical bias remains to the downside. Immediate resistance is seen around 1.5910. A clear break and daily close back above that area could trigger further upside pullback testing 1.6000/40 region. On the downside, a clear break and daily close below 1.5779 could trigger further bearish pressure testing 1.5650 area.

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