[m.youssif]

GBPUSD Forecast
The GBPUSD also had a bearish momentum yesterday and attempted to push lower earlier today in Asian session, slipped below 1.6079 but rebounded to the upside, traded around 1.6130 at the time I wrote this comment. The bias is neutral in nearest term but I think we are still in bearish correction phase especially if price able to consistently move below 1.6079 targeting 1.6000 area. Immediate resistance at 1.6170. Break above that area could trigger further upside pressure testing 1.6250/80 region and could end the bearish correction phase.

[m.youssif]

GBPUSD Forecast
The GBPUSD also had a bearish momentum yesterday and attempted to push lower earlier today in Asian session, slipped below 1.6079 but rebounded to the upside, traded around 1.6130 at the time I wrote this comment. The bias is neutral in nearest term but I think we are still in bearish correction phase especially if price able to consistently move below 1.6079 targeting 1.6000 area. Immediate resistance at 1.6170. Break above that area could trigger further upside pressure testing 1.6250/80 region and could end the bearish correction phase.