GBPUSD  Forecast

The GBPUSD continued its bearish momentum yesterday and hit 1.5752 earlier today in Asian session. The bias is bearish in nearest term testing 1.5650 region. Immediate resistance is seen around 1.5779 followed by 1.5830. A clear break back above 1.5830 would lead price to neutral zone in nearest term as direction would become unclear retesting 1.5910 but overall my technical outlook remains to the downside and I still prefer a bearish scenario at this phase.

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