GBPUSD Daily Forecast: May 11

GBPUSD Forecast
The GBPUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Overall I remain bearish as a part of the bearish scenario after broke below the trend line support as you can see on my daily chart below, but need a clear break and consistent movement below 1.3480/60 to resume the bearish scenario targeting 1.3300 area. On the upside, only a movement back above 1.3710 would invalidate my bearish mode.