GBPUSD Forecast
The GBPUSD had a bullish momentum last week topped at 1.5597. The bias is bullish in nearest term testing 1.5700. Immediate support is seen around 1.5525. A clear break below that area could lead price to neutral zone in nearest term testing 1.5475. As you can see on my hourly chart below we have a rising wedge formation suggests a potential bearish scenario especially if price breaks below the wedge and 1.5475 support area, so although the overall intraday bias remains bullish, a break below 1.5475 would interrupt the bullish outlook.
