[m.youssif]

GBPUSD Forecast
The GBPUSD was volatile but indecisive yesterday. The bias remains bearish in nearest term but need a clear break below 1.5750 to continue the bearish pressure testing 1.5650 area. Immediate resistance at 1.5850. Break above that area could lead us to neutral zone in nearest term testing 1.5900 – 1.5950 but as long as price moves inside the bearish channel we are still in bearish phase. CCI still in negative territory on h4 chart suggests that the bearish pressure is still potential.

[m.youssif]

GBPUSD Forecast
The GBPUSD was volatile but indecisive yesterday. The bias remains bearish in nearest term but need a clear break below 1.5750 to continue the bearish pressure testing 1.5650 area. Immediate resistance at 1.5850. Break above that area could lead us to neutral zone in nearest term testing 1.5900 – 1.5950 but as long as price moves inside the bearish channel we are still in bearish phase. CCI still in negative territory on h4 chart suggests that the bearish pressure is still potential.