GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.3068. The bearish pin bar at the EMA 200 as you can see on my H4 chart below gave a valid bearish signal. The bias is bearish in nearest term testing 1.3050 – 1.3000 key support area which is a good place to buy with a tight stop loss as a clear break below 1.3000 could trigger further bearish scenario exposing 1.2750 area. Immediate resistance is seen around 1.3150. A clear break above that area could lead price to neutral zone in nearest term testing 1.3200 area.

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