GBPUSD Forecast
The GBPUSD had a significant bearish momentum yesterday, fell below 1.3000 key support area as you can see on my daily chart below. This fact creates a false breakout bearish scenario and invalidate the bullish scenario. The bias is bearish in nearest term testing 1.2900 – 1.2850 region. Immediate resistance is seen around 1.3000. A clear break and daily close back above that area could lead price to neutral zone in nearest term but would keep the bullish scenario alive and kicking.

gbpusddaily

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