The GBPUSD was indecisive yesterday. The bias is neutral in nearest term but overall I still prefer a bearish scenario at this phase with nearest target seen around 1.3460. Immediate resistance is seen around 1.3600. A clear break above that area could trigger further bullish pressure testing 1.3665 area but as long as stay below 1.3710 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break and daily close below 1.3460 would expose 1.3300 area.
FX Instructor Forex Blog – For Traders, By Traders