GBPUSD Forecast
The GBPUSD was indecisive last week. Price attempted to push higher topped at 1.3929 but closed lower at 1.3846. The bias is neutral in nearest term. Immediate support is seen around 1.3750. A clear break and daily close below that area would resume the bearish correction phase testing 1.3600 and the trend line support area. Immediate resistance is seen around 1.3930. A clear break and daily close above that area would be a serious threat to the bearish correction phase testing 1.4000 region or higher. My major bullish outlook remains intact but need a clear break at least above 1.4000 to retest 1.4275 key resistance area.

Bearish channel: forex trading

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