GBPUSD  Forecast

The GBPUSD also had a significant bearish momentum yesterday, made a strong and convincing break below the bullish channel and 1.5650 support area as you can see on my h4 chart below. The bias is bearish in nearest term targeting 1.5500 – 1.5450 support area. Immediate resistance at 1.5650. Break above that area could lead us to neutral zone in nearest term but as long as price moves inside the major bearish channel (red) the major scenario remains to the downside.

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