GBPUSD  Forecast

The GBPUSD was indecisive yesterday. The bias is neutral in nearest term but overall I think the major scenario remains bullish after the breakout above 1.6400. On h4 chart below we have a bullish flag formation suggests a bullish scenario especially if price breaks above the flag and 1.6550 targeting 1.6700. On the downside, only a clear break back below 1.6400 could diminish the current strong bullish outlook.

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