GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish bias. The bias remains bearish in nearest term testing 1.3050 – 1.3000 area. Immediate resistance is seen around 1.3138 (yesterday’s high). A clear break above that area could lead price to neutral zone in nearest term testing 1.3200 or higher. On the downside, a clear break and daily close below 1.3050 – 1.3000 would expose 1.2950 and 1.2865. Overall, as long as stay below 1.3500 my major technical outlook remains bearish.


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