GBPUSD Forecast
The GBPUSD was corrected lower yesterday bottomed at 1.3056. The bias is bearish in nearest term but as long as stay above 1.3000 I remain bullish and any downside pullback should be seen as a good opportunity to buy. Immediate resistance is seen around 1.3130. A clear break above that area could lead price to neutral zone in nearest term testing 1.3175 – 1.3200 before testing 1.3300 area. On the downside, a clear break and consistent movement back below 1.3000 would be a serious threat to the bullish outlook and activate my “wait and see” mode.

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