GBPUSD  Forecast

The GBPUSD attempted to push lower yesterday, bottomed at 1.5834 but further bearish pressure was rejected, closed higher above 1.5900. The bias is neutral in nearest term probably with a little bit bullish bias testing 1.6000 key resistance area. The false breakout bearish scenario should remain intact but would need a clear break at least back below 1.5880 to continue the bearish scenario retesting 1.5800. On the upside, a clear break and daily close back above 1.6000 would reactivate my bullish mode.

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