GBPUSD Forecast
The GBPUSD continued its bullish momentum last week topped at 1.3042 but closed a little bit lower at 1.2958. Price gapped lower earlier today, opened at 1.2911. As you can see on my H4 chart below, price is now traded around 1.2920 support area and a trend line support, which is a good place to buy with a tight stop loss as a clear break below 1.2920 would invalidate the bullish scenario after broke above the bearish channel. Immediate resistance is seen around 1.2975. A clear break and daily close above that area would keep the bullish phase alive and kicking testing 1.3050 – 1.3100 area.

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