GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.2920. Psychological level at 1.3000 has been broken convincingly, suggest a major bearish trend continuation scenario targeting 1.2750 area. The bias remains bearish in nearest term testing 1.2900 – 1.2850 region. Immediate resistance is seen around 1.2975. A clear break above that area could lead price to neutral zone in nearest term testing 1.3000 region but as long as stay inside the bearish channel I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.

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