GBPUSD Daily Forecast: June 05

GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.3398 but whipsawed to the downside and closed lower at 1.3313 and hit 1.3303 earlier today in Asian session. The bias is bearish in nearest term testing the trend line support and 1.3300 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.3350. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish correction bias remains strong testing 1.3420 area. On the downside, a clear break below the trend line support and 1.3280 would invalidate the bullish correction bias and reactivate my bearish mode testing 1.3200 – 1.3150 region.