[m.youssif]

GBPUSD Forecast
The GBPUSD had a significant bearish momentum yesterday, touched the lower line of the bullish channel but still unable to break below the channel so far. The bias remains bearish in nearest term but need a clear break below the bullish channel to continue the bearish momentum and confirm the bearish reversal scenario at least targeting 1.5650 area. Immediate resistance at 1.5900. Break above that area could lead us to neutral zone in nearest term testing 1.5950 – 1.6000 and keep the major bullish scenario intact.

[m.youssif]

GBPUSD Forecast
The GBPUSD had a significant bearish momentum yesterday, touched the lower line of the bullish channel but still unable to break below the channel so far. The bias remains bearish in nearest term but need a clear break below the bullish channel to continue the bearish momentum and confirm the bearish reversal scenario at least targeting 1.5650 area. Immediate resistance at 1.5900. Break above that area could lead us to neutral zone in nearest term testing 1.5950 – 1.6000 and keep the major bullish scenario intact.