GBPUSD Daily Forecast: July 30

GBPUSD Forecast

The GBPUSD continued its bullish momentum on Friday but still unable to break above the range area as you can see on my h4 chart below. There are no changes in my technical outlook. The bias remains bullish in nearest term especially if price able to make a clear break and daily close above the range testing 1.5900 – 1.6000 resistance area. Immediate support is seen around 1.5660. A clear break below that area could lead price to neutral zone in nearest term testing 1.5600. From a daily chart perspective, price is still moving below the daily EMA 200, keep the major bearish outlook intact.

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