The GBPUSD made another attempt to the downside, bottomed at 1.5140 but closed higher at 1.5278. Once again, the 1.5135/28 area proved itself as a strong support, keep the bullish scenario intact at least testing 1.5380. The bias remains neutral in nearest term as price still trapped in range area (1.5135 – 1.5380) and we need a clear break from the range area to see clearer direction, a bullish continuation towards 1.5550 or a bearish reversal towards 1.5000.
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