The GBPUSD had a significant bullish momentum last week, broke above 1.6000, topped at 1.6147 and closed at 1.6118 after failed to break below 1.5800 strong support area. The bias remains bullish in nearest term especially if price able to make another break above 1.6150 testing 1.6250 region. Immediate support is seen around 1.6075. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 1.6000, I remain bullish on this pair with buy on dips strategy.
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