GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. As you can see on my H4 chart below price is moving inside a falling wedge formation, which is a bullish formation especially if price broke above the wedge. Key resistance is seen around 1.5500 – 1.5550. A clear break and daily/weekly close above that area could trigger further bullish scenario with nearest bullish target seen around 1.5650. Immediate support is seen around 1.5400. A clear break below that area could trigger further bearish pressure testing 1.5350 area or lower. My major technical outlook remains neutral.
