GBPUSD Daily Forecast: February 17

The GBPUSD continued its bearish momentum yesterday and now struggling around the trend line support as you can see on my H1 chart below. The bias is bearish in nearest term especially if price able to make a clear break below the trend line support and 1.4275 support area (which will activate my bearish mode) testing 1.4200 before targeting 1.4080 region. Immediate resistance is seen around 1.4350. A failure to break below the trend line support and a clear break above 1.4350 would give the bullish scenario another chance testing 1.4450 or higher.