GBPUSD  Forecast

The GBPUSD was volatile but indecisive on Friday. The bias is neutral in nearest term. Overall I still prefer a bearish intraday scenario at this phase after the violation to the bullish channel as you can see on my h4 chart below, testing 1.6110 – 1.6000 area. Immediate resistance is seen around 1.6251 (Friday’s high) followed by 1.6300.

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