GBPUSD Daily Forecast: July 02

GBPUSD Forecast
The GBPUSD had another indecisive movement last week. Price attempted to push lower bottomed at 1.3049 but closed higher at 1.3206. The bias is bullish in nearest term testing the upper line of the bearish channel located around 1.3215 region which is a good place to sell with a tight stop loss as a clear break above the bearish channel would invalidate the bearish phase. Immediate support is seen around 1.3150. A clear break below that area could lead price to neutral zone in nearest term testing 1.3100 area or lower.