The GBPUSD had a bullish momentum yesterday, topped at 1.6408 after made a clear break above 1.6310. The bias is bullish in nearest term testing 1.6473. However note that overall price is still moving in a sideways mode in the last four weeks and need a clear break and daily closed above 1.6473 to continue the bullish scenario, aiming for 1.6745 region. Immediate support is seen around 1.6310 – 1.6270. A clear break back below that area could lead price to a neutral zone in nearest term testing 1.6192.
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