GBPUSD Forecast
The GBPUSD attempted to push lower yesterday bottomed at 1.5486 but whipsawed to the upside and slipped above 1.5600. The bias is bullish in nearest term testing 1.5700. Immediate support is seen around 1.5550. A clear break below that area could lead price to neutral zone in nearest term but key support remains around 1.5475. Overall price is still in a bullish phase but the rising wedge formation as you can see on my hourly chart below should be a warning of a potential bearish reversal if violated to the downside.
