GBPUSD  Forecast

The GBPUSD attempted to push lower yesterday, bottomed at 1.6164 but closed higher at 1.6263. The bias is neutral in nearest term but as long as price moves inside the bearish channel the overall intraday bias should remain to the downside. Immediate resistance at 1.6320 followed by 1.6400. On the downside, another move below 1.6220 could trigger further downside pressure testing 1.6090.

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