[m.youssif]

GBPUSD Forecast
The GBPUSD continued its bullish bias yesterday, topped at 1.6170 but closed lower at 1.6105. The bias remains bullish in nearest term testing 1.6250 area. Immediate support at 1.6079 and the lower line of the minor bullish channel. Break below that area and violation to the downside of the minor bullish channel could trigger further downside pressure testing 1.6000 but overall the major scenario remains to the upside.

[m.youssif]

GBPUSD Forecast
The GBPUSD continued its bullish bias yesterday, topped at 1.6170 but closed lower at 1.6105. The bias remains bullish in nearest term testing 1.6250 area. Immediate support at 1.6079 and the lower line of the minor bullish channel. Break below that area and violation to the downside of the minor bullish channel could trigger further downside pressure testing 1.6000 but overall the major scenario remains to the upside.