GBPUSD  Forecast

The GBPUSD failed to continue its bullish bias yesterday and fell below 1.5900. This fact could create a false breakout bearish scenario testing 1.5800 in nearest term. Immediate resistance is seen around 1.5920. A clear break above that area could lead price to neutral zone in nearest term retesting 1.6000 area. On the upside, a clear break and daily close back above 1.6000 is needed to keep the bullish scenario remains intact and reactivate my bullish mode.

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