GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday 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. The bullish scenario remains valid and the lower line of the bullish channel is an ideal place to buy with a good risk/reward ratio with tight stop loss below the bullish channel and 1.5450/00 support area as a violation to the bullish channel could be an early signal of a bearish reversal scenario.
