GBPUSD Daily Forecast: May 09

GBPUSD Forecast
The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term but overall I still prefer a bearish scenario at this phase. Immediate support is seen around 1.3480/60. A clear break and daily close below that area would expose 1.3300 region. Immediate resistance is seen around 1.3600. A clear break above that area could trigger further bullish pressure but as long as stay below 1.3710 any upside pullback should be seen as a good opportunity to sell as a part of the bearish scenario after broke below the trend line support as you can see on my daily chart below.