GBPUSD Forecast
The GBPUSD attempted to push higher last week topped at 1.5497 but whipsawed to the downside and now testing the lower line of the bullish channel as you can see on my hourly chart below. The bias is bearish in nearest term but I think now is the best time and place to buy with a tight stop loss below the bullish channel and 1.5100 support area. Immediate resistance is seen around 1.5200. A clear break above that area could lead price to neutral zone in nearest term testing 1.5250 – 1.5300 region.
