GBPUSD Forecast
The GBPUSD continued its bullish momentum yesterday and hit 1.5850 earlier today. The bias remains bullish in nearest term testing 1.5900 – 1.5950 area. As you can see on my hourly chart below, the rising wedge formation has been violated to the upside, suggests further potential bullish run. Immediate support is seen around 1.5750. A clear break below that area could lead price to neutral zone in nearest term testing 1.5700 – 1.5680 area but overall I prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.
