GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.3924 and hit 1.3917 earlier today in Asian session. The bias remains bearish in nearest term testing 1.3850 area as a apart of the bearish phase after a second false break above 1.4275 key resistance area as you can see on my daily chart below. Immediate resistance is seen around 1.3960 – 1.4000 region. A clear break above that area could lead price to neutral zone in nearest term testing 1.4050 region. On the downside, a clear break and daily close below 1.3850 would expose 1.3710 key support and the trend line support area which is a good place to buy with a tight stop loss as a clear break below that area would invalidate my major bullish trend.

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