GBPUSD Forecast
The GBPUSD attempted to push lower yesterday bottomed at 1.5540 but whipsawed to the upside and closed higher at 1.5645. The bias remains bullish in nearest term testing 1.5700. Immediate support is seen around 1.5600. A clear break below that area could lead price to neutral zone in nearest term testing 1.5550 area. The rising wedge formation remains a warning of a potential bearish reversal if violated to the downside, which will be consistent with the CCI bearish divergence as you can see on my hourly chart below.
