GBPUSD Forecast
The GBPUSD was corrected lower yesterday and hit 1.5764 earlier today. The bias is bearish in nearest term testing 1.5750. Overall I still prefer a bullish scenario at this phase and now is a good time to buy with a tight stop loss below 1.5750 targeting 1.6000 area. Immediate resistance is seen around 1.5830. A clear break above that area could lead price to neutral zone in nearest term testing 1.5900 area. On the downside, a clear break and daily close below 1.5750/00 would activate my wait and see mode as major direction would become unclear with a bearish intraday bias.
