GBPUSD Forecast
The GBPUSD attempted to push higher last week topped at 1.3217 but whipsawed to the downside and closed at 1.3028. The bearish run stalls at 1.3000 psychological support area but I prefer a bearish scenario at this phase. The bias is bearish in nearest term especially if price able to break below 1.3000 testing 1.2950/00 region. Immediate resistance is seen around 1.3090. A clear break and daily close back above that area would interrupt the bearish phase but only a clear break back above 1.3175 would invalidate the current bearish phase.


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