GBPUSD Forecast
The GBPUSD continued its bearish momentum last week bottomed at 1.5164. The bias remains bearish in nearest term testing 1.5100. Immediate resistance is seen around 1.5250. A clear break above that area could lead price to neutral zone in nearest term testing 1.5300 area but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. Potential daily range today is seen between 1.5100 – 1.5250.
