GBPUSD  Forecast

The GBPUSD slipped below 1.5500 on Friday but so far still unable to stay consistently below that area. The bias remains bearish in nearest term especially if price able to break below 1.5475  testing 1.5400 before targeting 1.5300 this week. Immediate resistance at 1.5583. Break above that area could lead us to neutral zone in nearest term testing 1.5650 but as long as price moves inside the bearish channel we are still in strong bearish scenario.

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