GBPUSD Forecast:

The GBPUSD was also made a moderate recovery yesterday. On h4 chart below we can see that price is now testing the trendline resistance, which need to be broken to the upside to see potential further recovery testing 1.5780 area. On the downside, 1.5550 and the lower line of the bullish channel remains a key support area at this phase. Break below that area could be a serious threat to the major bullish outlook.

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