GBPUSD  Forecast

The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term and there are no changes in my technical outlook. I still prefer a bearish scenario at this phase after the break below the range area still testing 1.5390. A clear break and daily close below that area could trigger further bearish pressure testing 1.5330 – 1.5270 region. On the upside, a clear break back above 1.5550 would be a threat to the bearish scenario testing 1.5630/50.

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