GBPUSD Forecast
The GBPUSD didn’t make significant movement yesterday. The bias is neutral in nearest term. My major technical outlook is neutral, but my overall intraday outlook is bullish. As you can see on my H1 chart below, price is moving inside a triangle/pennant suggests a consolidation phase. We need a clear break above the triangle and 1.5370 to keep the bullish scenario remains strong targeting 1.5450 area. On the downside, support area is seen around 1.5280 (H1 EMA 200) which located near the lower line of the triangle. A clear break below that area would be a serious threat to the bullish scenario testing 1.5200 region.
