GBPUSD  Forecast

The GBPUSD continued its bullish correction yesterday, topped at 1.5702 but closed a little bit lower at 1.5631. The bias is neutral in nearest term but overall price is still in bullish correction phase since bounced from the triple bottom formation around 1.5330 as you can see on my h4 chart below, testing 1.5750 area. Immediate support is seen around 1.5590. A clear break back below that area could lead price to neutral zone in nearest term testing 1.5530 area but we need a clear break at least below 1.5490 to potentially end the current bullish correction phase retesting 1.5330.

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