GBPUSD Forecast:

The GBPUSD failed to continue its bullish correction on Friday. The bullish channel has been violated to the downside indicating the end of the bullish correction and price ready to continue its major bearish scenario re-testing 1.4240 before targeting 1.4000 area. Immediate resistance at 1.4550. Break above that area could lead us into no trading zone in nearest term but the main scenario remains to the downside.

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