GBPUSD Forecast
The GBPUSD had a bearish momentum last week slipped below the bullish channel as you can see on my hourly chart below. This fact is a serious threat to the bullish outlook and could be an early signal of a bearish reversal scenario. The bias is bearish in nearest term testing 1.5400 – 1.5350. Immediate resistance is seen around 1.5580. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear.
