GBPUSD Daily Forecast: July 03

GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.3095 but closed higher at 1.3142. The bias is neutral in nearest term but as long as stay inside the bearish channel price is still in a valid bearish phase. Immediate resistance is seen around 1.3190 which is a good place to sell with a tight stop loss as a clear break above that area would invalidate the current bearish phase. Immediate support is seen around 1.3100. A clear break below that area would retest 1.3050 region before testing 1.3000 psychological level.