Technical Analysis for GBPUSD
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 1.6020 – 1.6050. A clear break above that area would give the bullish scenario another chance testing 1.6100 or higher. Key support remains around 1.5950. A clear break and consistent movement below that area could be an early signal of a bearish reversal scenario.