GBPUSD Forecast
The GBPUSD didn’t make significant movement yesterday. The bias is neutral in nearest term. The bullish scenario following the break above the bearish channel remains intact but the lack of bullish momentum after formed a triple top at 1.3995 region is not a good news for the buyers. Immediate support is seen around 1.3875. A clear break and daily/weekly close back below that area would create a false breakout bearish scenario next week. On the upside, we need a clear break above 1.4000 to invalidate the triple top bearish scenario retesting 1.4275 key resistance. As long as stay above the trend line support my major bullish trend remains valid.

Triple top: forex trading education

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