GBPUSD Forecast
The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Key intraday resistance remains around 1.5505 (double/triple top, see H4 chart below). A clear break and daily close above that area and the falling wedge formation could trigger further bullish pressure testing 1.5650. Immediate support remains around 1.5400. A clear break below that area could trigger further bearish pressure testing 1.5350 key support. Aggressive intraday traders can sell around the upper line of the wedge or 1.5505 area with a tight stop loss. My major technical outlook remains neutral.
