The GBPUSD continued its bearish momentum yesterday broke below 1.2340 key support and hit 1.2260 earlier today in Asian session. The bias is bearish in nearest term testing 1.2250 – 1.2200 support area. Immediate resistance is seen around 1.2340. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.