GBPUSD  Forecast

The GBPUSD was indecisive yesterday. On hourly chart below we can see price is moving inside a triangle formation suggests a consolidation phase, looking for a new intraday bias. A clear break above the triangle and 1.6300 would change the intraday bias to bullish retesting 1.6400 key resistance area. On the other hand, a clear break below the triangle and 1.6220 would change the intraday bias to bearish testing 1.6170 – 1.6090.

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