[m.youssif]

GBPUSD Forecast
The GBPUSD continued its bullish correction yesterday but still unable to move above 1.5650 resistance area so far. The bias is bullish in nearest term especially if price able to make a clear break above 1.5650 testing 1.5750. Immediate support at 1.5550. Clear break below that area could potentially end the bullish correction re-testing 1.5500 – 1.5450 support area. Although there are still more rooms for further bullish correction in nearest term, overall we are still in a major bearish outlook and any upside correction is normal unless the bearish channel violated to the upside.

[m.youssif]

GBPUSD Forecast
The GBPUSD continued its bullish correction yesterday but still unable to move above 1.5650 resistance area so far. The bias is bullish in nearest term especially if price able to make a clear break above 1.5650 testing 1.5750. Immediate support at 1.5550. Clear break below that area could potentially end the bullish correction re-testing 1.5500 – 1.5450 support area. Although there are still more rooms for further bullish correction in nearest term, overall we are still in a major bearish outlook and any upside correction is normal unless the bearish channel violated to the upside.