GBPUSD Forecast:

The GBPUSD was corrected higher yesterday, topped at 1.5988 and closed at 1.5957. On h4 chart below we can see that the price is now challenging psychological level 1.6000. I still prefer a bearish scenario as long as the pair stay below 1.6000 but we are in critical technical point now as a break above 1.6000 could be potential threat to the current bearish outlook and re-testing 1.6113 area. Immediate support at 1.5905 followed by 1.5850.