GBPUSD Forecast
The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term but as long as stay inside the bearish channel as you can see on my H1 chart below, I still prefer a bearish scenario at this phase. Immediate resistance is seen around 1.3400 located around the upper line of the bearish channel which is a good place to sell with a tight stop loss. Immediate support is seen around 1.3350. A clear break below that area could trigger further bearish pressure testing 1.3300 region. On the upside, a clear break and consistent movement above 1.3400 would invalidate the bearish bias testing 1.3480 – 1.3500 region.

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