GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.3047 but whipsawed to the downside and closed lower at 1.2904. As you can see on my daily chart below, the hammer formation is not followed by a bullish candle suggests a weak bullish correction/reversal scenario. The bias is neutral in nearest term probably with a little bearish bias testing 1.2790 region. On the upside, a clear break and daily/weekly close above 1.3000 – 1.3050 would give the bullish correction/reversal scenario a better chance next week.

gbpusddaily

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