GBPUSD Forecast
The GBPUSD had a significant bearish momentum yesterday broke below the bullish channel as you can see on my H1 chart below suggests a bearish reversal scenario. The bias is bearish in nearest term testing 1.5250. Immediate resistance is seen around 1.5400. A clear break above that area could lead price to neutral zone in nearest term testing 1.5450 but overall I prefer a bearish scenario at this phase with sell on rallies strategy. Potential daily range today is seen between 1.5250 – 1.5400. My major technical outlook remains neutral.
