GBPUSD  Forecast

The GBPUSD was unable to continue its bullish momentum on Friday.  On h4 chart below we can see price is moving in a bearish channel after the false breakout above 1.6400. The bias is bearish in nearest term testing 1.6220. Immediate resistance at 1.6330. A clear break above that area would lead us to neutral zone in nearest term retesting 1.6400 key resistance area. Below 1.6220, next support to be tested is seen around 1.6090.

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