GBPUSD  Forecast

The GBPUSD attempted to push higher yesterday, topped at 1.5714 but further bullish pressure was rejected, closed lower at 1.5608 and hit 1.5582 earlier today in Asian session. On my h4 chart below we can see price has been moving sideways in the last three days without consistent direction and momentum. The bias is neutral in nearest term. The triple bottom bullish pullback scenario remains intact but need a clear break above 1.5750 to continue the bullish correction scenario. Immediate support is seen around 1.5540. A clear break below that area could trigger further bearish pressure testing 1.5490. A clear break below 1.5490 could be a serious threat to the triple bottom bullish scenario which potentially end the current bullish correction phase.

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