[m.youssif]

GBPUSD Forecast
The GBPUSD had a significant bullish momentum yesterday, topped at 1.5895 and closed at 1.5840 after a better than expected UK GDP number. On h1 chart below we can see price is moving in a new minor bullish channel indicates we could be in another bullish phase but the lower line of the minor bullish channel is now being tested to the downside. A break below the minor bullish channel and movement below 1.5800 could trigger further bearish pressure re-testing the lower line of the major bullish channel and 1.5700 support area. I think we need a clear break above 1.5895 to continue the bullish scenario targeting 1.6000.

[m.youssif]

GBPUSD Forecast
The GBPUSD had a significant bullish momentum yesterday, topped at 1.5895 and closed at 1.5840 after a better than expected UK GDP number. On h1 chart below we can see price is moving in a new minor bullish channel indicates we could be in another bullish phase but the lower line of the minor bullish channel is now being tested to the downside. A break below the minor bullish channel and movement below 1.5800 could trigger further bearish pressure re-testing the lower line of the major bullish channel and 1.5700 support area. I think we need a clear break above 1.5895 to continue the bullish scenario targeting 1.6000.