GBPUSD Forecast:

The GBPUSD didn’t make significant movement yesterday. The bullish outlook after break above the major bearish channel remains intact but the bias is neutral in nearest term. Immediate support at 1.5202. Break below could trigger further bearish momentum targeting 1.5135. Break below 1.5135 could be a serious threat to the bullish scenario. Initial resistance at 1.5380. We need a clear break above that area to continue the bullish scenario.

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