GBPUSD Daily Forecast: July 31

GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. Price is traded around the upper line of the bearish channel as you can see on my H4 chart below which is a good area to sell with a tight stop loss above 1.3215. Immediate support is seen around 1.3070. A clear break below that area could trigger further bearish pressure retesting 1.3000 psychological support area which remains a good place to buy with a tight stop loss as a clear break below that level would resume the major bearish trend testing 1.2750 region.