The GBPUSD was indecisive yesterday after a strong bullish run on Tuesday. The bias is neutral both on short and medium term as price still trapped in range area of 1.6400 – 1.5950 as you can see on my daily chart below. A bearish pullback warning indicated by CCI bearish divergence. Immediate support at 1.6250. A clear break below that area would change the intraday bias to bearish testing 1.6170/80 support area. Immediate resistance at 1.6335. A clear break above that area would change the intraday bias to bullish retesting 1.6400 key resistance area.
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