GBPUSD Forecast
The GBPUSD had a bullish momentum last week topped at 1.3047. Price gaps lower earlier today opened at 1.2997 and hit 1.2973. The bias is neutral in nearest term but overall I remain bullish. Immediate support is seen around 1.2970. A clear break below that area could trigger further bearish pressure testing 1.2945 and the trend line support (see my H1 chart below) located around 1.2900 region which is a good place to buy with a tight stop loss. On the upside, a clear break and daily close above 1.3050 would expose 1.3185 region.


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