GBPUSD Forecast
The GBPUSD was corrected higher yesterday topped at 1.3986 and hit 1.3995 earlier today in Asian session. The bias is neutral in nearest term but my overall short-term bias remains bearish as a part of the bearish phase after the false breakout above 1.4275 key resistance as you can see on my daily chart below. Immediate support is seen around 1.3950. A clear break below that area could trigger further bearish pressure testing 1.3900 or lower. Immediate resistance is seen around 1.4030. A clear break above that area could trigger further bullish pullback testing 1.4100 region. Overall, as long as stay above the trend line support my major bullish outlook remains valid but as long as stay below 1.4275 price is still in a bearish consolidation phase.

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