The GBPUSD was corrected lower yesterday, broke below 1.6480, bottomed at 1.6466 and hit 1.6449 earlier today in Asian session. The bias is bearish in nearest term testing 1.6400. A clear break below 1.6400 could diminish the current major bullish outlook with further support area to be tested around 1.6300 – 1.6350. Immediate resistance at 1.6500. A clear break above that area would lead us to neutral zone in nearest term testing 1.6550 resistance area, which I think need to be clearly broken to the upside to continue the bullish scenario.
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