The Gbpusd attempted to push higher last week topped at 1.3371 but whipsawed to the downside closed lower at 1.3062. The bias is bearish in nearest term testing 1.3000. Immediate resistance is seen around 1.3100. A clear break above that area could lead price to neutral zone in nearest term testing 1.3150/70 area. Overall I remain bearish but as you can see on my H4 chart below price has been moving sideways since the Brexit. Only a clear break back above 1.3500 would be a threat to the bearish outlook.
This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here