GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish intraday bias since fell from 1.5491. As you can see on my hourly chart below, price slipped below the bullish channel, threatening the bullish scenario. The bias is bearish in nearest term testing 1.5050 – 1.5000 area. Immediate resistance is seen around 1.5185. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish scenario alive and kicking testing 1.5250.
