GBPUSD Daily Forecast: July 30

GBPUSD Forecast
The GBPUSD didn’t make significant movement last week but overall still able to maintain its major bearish trend following a false break above the bearish channel as you can see on my H4 chart below. The bias is neutral in nearest term. Immediate support is seen around 1.3070. A clear break below that area could trigger further bearish pressure retesting 1.3000 psychological level which remains a good place to buy. Immediate resistance is seen around 1.3160. A clear break above that area would retest the EMA 200 located around 1.3215 area.