GBPUSD Daily Forecast: July 15

GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.3475. The bias is bullish in nearest term testing 1.3600 – 1.3650 area. Immediate support is seen around 1.3360 followed by 1.3300. Overall I still prefer a bearish scenario but price is clearly in a strong bullish correction since Theresa May becomes UK Prime Minister, which technically signaled by the hammer formation as you can see on my daily chart below.