GBPUSD Daily Forecast: June 04

GBPUSD Forecast
The GBPUSD had a strong bullish correction last week topped at 1.3362 and hit 1.3377 earlier today in Asian session. Price moves back above EMA 200 and a valid trend line support has been printed as you can see on my H1 chart below. My major bearish outlook remains intact, but need a clear break at least below 1.3305 to invalidate the current bullish correction phase. The bias is bullish in nearest term testing 1.3380 – 1.3420/50 area. Immediate support is seen around 1.3340. A clear break below that area could lead price to neutral zone in nearest term testing 1.3305 and the trend line support area.