GBPUSD  Forecast

The GBPUSD made another indecisive movement on Friday and still struggling around the upper line of the bearish channel indicates critical technical point. Overall we are still in bullish correction phase but would need a clear break above 1.5850 to continue the bullish scenario testing 1.5900 – 1.6000 region which could be a serious threat to the bearish outlook. Immediate support at 1.5750. Clear break below that area could trigger further bearish pressure testing 1.5650 and keep the bearish scenario remains intact.

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