GBPUSD  Forecast

The GBPUSD didn’t make significant movement yesterday. There are no changes in my daily technical outlook and I still prefer to stand aside for now. The H&S bearish scenario remains valid but price also moving in a minor bullish channel since the rejection to move below 1.6305. Aggressive intraday traders may short around 1.6516 or long around 1.6305 with tight stop loss but I personally will wait until a break above 1.6516 or below 1.6305.

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