GBPUSD Daily Forecast: May 24

GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.3305. The bearish pin bar formation printed after retesting a broken support (1.3480) gave us a valid bearish signal. The bias remains bearish in nearest term testing 1.3250 region. Immediate resistance is seen around 1.3400. A clear break above that area could lead price to neutral zone in nearest term testing 1.3450/80 area but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.