GBPUSD Forecast:

The GBPUSD made indecisive movement yesterday indicating consolidation. As you can see in my h4 chart below, price still unable to consistently move above 1.6842 indicating limited bullish so far. The bias is neutral in nearest term but as long as we have the valid bullish channel, bullish scenario remains intact especially if we have consistent move above 1.6842 at least targeting 1.6930. CCI just cross the 100 line down on h4 chart suggesting potential downside pressure testing 1.6692 support area. Break below that area should be a serious threat to the bullish scenario.

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