GBPUSD Daily Forecast: May 14

GBPUSD Forecast
The GBPUSD was indecisive last week. The bias is neutral in nearest term. Overall I still prefer a bearish scenario at this phase but need a clear break below 1.3480 to resume the bearish phase targeting 1.3300 region. Immediate resistance is seen around 1.3620. 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. Immediate support is seen around 1.3530. A clear break below that area could trigger further bearish pressure testing 1.3480 region.