[m.youssif]

GBPUSD Forecast
The GBPUSD was volatile but remains indecisive yesterday. The bias is neutral in nearest term but the major outlook remains to the upside with 1.6105 as the nearest resistance line to be tested. Above that, 1.6250 could be seen this week. Immediate support at 1.6000 and the lower line of the minor bullish channel. Break below that area could trigger further downside pullback testing 1.5950 – 1.5900 but the main scenario remains to the upside and I still prefer a bullish scenario at this phase.

[m.youssif]

GBPUSD Forecast
The GBPUSD was volatile but remains indecisive yesterday. The bias is neutral in nearest term but the major outlook remains to the upside with 1.6105 as the nearest resistance line to be tested. Above that, 1.6250 could be seen this week. Immediate support at 1.6000 and the lower line of the minor bullish channel. Break below that area could trigger further downside pullback testing 1.5950 – 1.5900 but the main scenario remains to the upside and I still prefer a bullish scenario at this phase.