GBPUSD Daily Forecast: October 26

GBPUSD Forecast

The GBPUSD continued its bullish momentum yesterday topped at 1.6142. The bias remains bullish in nearest term especially if price able to make a clear break above 1.6150 testing 1.6200 or higher. Immediate support is seen around 1.6050. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear testing 1.6000. My medium term outlook remains neutral.