GBPUSD Daily Forecast: January 11

GBPUSD Forecast
The GBPUSD had a moderate bearish momentum yesterday and now struggling around the lower line of the range area as you can see on my daily chart below. The bias is bearish in nearest term especially if price able to make a clear and consistent movement below 1.3495 testing 1.3425 – 1.3330 support area. Immediate resistance is seen around 1.3550. A clear break above that area could lead price to neutral zone in nearest term and keep price inside the range area retesting 1.3615 key resistance.