[m.youssif]

GBPUSD Forecast
The GBPUSD bearish pressure was paused yesterday after found support at the lower line of the bullish channel. The bias is neutral in nearest term. The major bullish scenario remains intact especially if price break above 1.5950 targeting 1.6000 – 1.6080 area. On the downside, key support area remains at the lower line of the bullish channel and 1.5880. Clear break below the bullish channel could be a threat to the major bullish outlook at least testing 1.5750 – 1.5650 which could give an early validation to the bearish reversal scenario.

[m.youssif]

GBPUSD Forecast
The GBPUSD bearish pressure was paused yesterday after found support at the lower line of the bullish channel. The bias is neutral in nearest term. The major bullish scenario remains intact especially if price break above 1.5950 targeting 1.6000 – 1.6080 area. On the downside, key support area remains at the lower line of the bullish channel and 1.5880. Clear break below the bullish channel could be a threat to the major bullish outlook at least testing 1.5750 – 1.5650 which could give an early validation to the bearish reversal scenario.