GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.5353. The bias remains bearish in nearest term testing 1.5350 – 1.5300 before targeting 1.5170. Immediate resistance is seen around 1.5415. A clear break above that area could lead price to neutral zone in nearest term testing 1.5460 – 1.5500 but overall I prefer a bearish scenario at this phase after the violation to the bullish channel as you can see on my hourly chart below.
