GBPUSD Daily Forecast: January 08

GBPUSD Forecast
The GBPUSD didn’t make significant movement last week. The bias is neutral in nearest term. Price is moving sideways between 1.3615 – 1.3495 as you can see on my daily chart below. We need a clear break from that range area to see clearer direction. Overall I remain bullish but need a clear break above 1.3615 to resume the major bullish trend testing 1.3835 region this week. On the downside, a clear break and daily close below 1.3495 could trigger further bearish pressure testing the trend line support and 1.3330 area.