GBPUSD Daily Forecast: July 11

GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bullish phase after broke above the bearish channel but rejected above the EMA 200 as you can see on my H4 chart below. Potential range area is seen between 1.3315 – 1.3200 which need to be broken to see clearer direction. A clear break above 1.3315 would expose 1.3400 area. On the other hand, a clear break below 1.3200 would invalidate the bullish phase testing 1.3100 – 1.3000 region.