GBPUSD Forecast

The GBPUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.5780 – 1.5700, especially if price able to make a clear break below 1.5800 key intraday support. Immediate resistance remains around 1.5900. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 1.6000 I still prefer a bearish outlook as a part of the false breakout scenario.