GBPUSD: Bearish Pin Bar put Bullish in Danger but Remains Valid Above 1.3000
The GBPUSD attempted to climb higher yesterday topped at 1.3100 but further upside movement was rejected and closed lower at 1.3050 on US Dollar broad rally after the FOMC. The bias is neutral in the near term.

The Bearish Pin Bar popped up on the daily chart as you can see on my daily chart below pose potential threat to the bullish bias with a break back below 1.3000 not only expose 1.2900 region but would bring the major bearish fashion back in play as it would also represent a rejection above the daily EMA 200 key resistance.

Vice versa to the upside, a break above 1.3100 barrier would nullify the bearish Pin Bar scenario and stimulate higher movement towards 1.3210 even reopen the path to 1.3365/80 (March high).