[m.youssif]

GBPUSD Forecast
The GBPUSD was volatile but indecisive on Friday. The bias is neutral in nearest term. As long as price moves inside the major bullish channel overall we are still in a major bullish scenario. Immediate resistance at 1.6170/80. Clear break above that area could trigger further bullish momentum re-testing 1.6270 – 1.6300 area. Initial support at 1.5950. Break below that area could trigger further bearish pressure testing the lower line of the bullish channel and could be a threat to the bullish outlook.

[m.youssif]

GBPUSD Forecast
The GBPUSD was volatile but indecisive on Friday. The bias is neutral in nearest term. As long as price moves inside the major bullish channel overall we are still in a major bullish scenario. Immediate resistance at 1.6170/80. Clear break above that area could trigger further bullish momentum re-testing 1.6270 – 1.6300 area. Initial support at 1.5950. Break below that area could trigger further bearish pressure testing the lower line of the bullish channel and could be a threat to the bullish outlook.