The GBPUSD continued its bearish momentum yesterday bottomed at 1.4138 and slipped below 1.4130 earlier today.
The bias remains bearish in nearest term especially if price able to make a clear break and consistent movement below 1.4130 targeting 1.4080 – 1.4000 area. Immediate resistance is seen around 1.4170. A clear break above that area could lead price to neutral zone in nearest term testing 1.4220 region.
As long as stays below 1.4300 I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
Origin: FXOpen
