GBPUSD Forecast:

The GBPUSD continued it’s bearish momentum on Friday, fell below 1.6000 psychological levels. For me this fact is nothing but a strong bearish scenario for the pair. From a longer term outlook, the fall below 1.6000 produce 1.5355 and 1.4985 as potential bearish target. But that’s just a long term forecast and price need to overcome some intermediate support areas. In nearest term, the bias is bearish targeting 1.5754 area. Immediate resistance at 1.5920 area. Break above that area should lead us into no trading zone re-testing 1.6000 area but below 1.6000 I prefer a bearish scenario.