GBPUSD Daily Forecast: May 21

GBPUSD Forecast
The GBPUSD had a moderate bearish momentum last week broke below 1.3480 key support as you can see on my daily chart below. This fact suggests further bearish scenario targeting 1.3330 area. Immediate resistance is seen around 1.3480. A clear break and daily close back above that area would interrupt the bearish outlook testing 1.3530 – 1.3570 region but as long as stay below 1.3710 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.