[m.youssif]

GBPUSD Forecast
The GBPUSD had a bearish momentum on Friday, bottomed at 1.5576 and closed at 1.5588. On h4 chart below we can see price had strong bearish momentum after made two consecutive strong breakdown below 1.5750 and 1.5650 support area suggests a strong bearish phase. The bias remains bearish in nearest term testing 1.5500. Immediate resistance at 1.5650. Break above that area could lead us to neutral zone in nearest term testing 1.5700 – 1.5750 but as long as price moves inside the bearish channel we are still in bearish phase.

[m.youssif]

GBPUSD Forecast
The GBPUSD had a bearish momentum on Friday, bottomed at 1.5576 and closed at 1.5588. On h4 chart below we can see price had strong bearish momentum after made two consecutive strong breakdown below 1.5750 and 1.5650 support area suggests a strong bearish phase. The bias remains bearish in nearest term testing 1.5500. Immediate resistance at 1.5650. Break above that area could lead us to neutral zone in nearest term testing 1.5700 – 1.5750 but as long as price moves inside the bearish channel we are still in bearish phase.