[m.youssif]

GBPUSD Forecast
The GBPUSD slipped below 1.5750 yesterday but so far still unable to consistently move below that area as market remains volatile but indecisive. As long as price stays below 1.5850 the nearest bias remains bearish but need a consistent move below 1.5750/30 to continue the bearish pressure targeting 1.5650. On the other hand, a failure to make a clear break below 1.5750/30 and a break above 1.5850 could trigger further bullish pullback testing 1.5900 – 1.5950 and the upper line of the bearish channel.

[m.youssif]

GBPUSD Forecast
The GBPUSD slipped below 1.5750 yesterday but so far still unable to consistently move below that area as market remains volatile but indecisive. As long as price stays below 1.5850 the nearest bias remains bearish but need a consistent move below 1.5750/30 to continue the bearish pressure targeting 1.5650. On the other hand, a failure to make a clear break below 1.5750/30 and a break above 1.5850 could trigger further bullish pullback testing 1.5900 – 1.5950 and the upper line of the bearish channel.