GBPUSD  Forecast

The GBPUSD had another significant bearish pressure yesterday, slipped below the bullish channel as you can see on my daily chart below. I found some interesting price actions this month, where price tend to go lower after unable to close above 1.6420.  This fact leads to another threat to the bullish outlook, testing 1.6250 – 1.6200 in nearest term. Immediate resistance is seen around 1.6350/80.  A clear break above that area would lead price to neutral zone in nearest term as direction would become unclear.

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