GBPUSD  Forecast

The GBPUSD had another volatile but indecisive movement yesterday. The bias remains neutral in nearest term. I still prefer a bullish intraday scenario at this phase. Although the breakout above 1.5780 is not very smooth, only a clear break below 1.5700 would stop the current bullish intraday outlook. Immediate resistance which is also the nearest bullish target is seen around 1.5900 followed by 1.6000. Immediate support is seen around 1.5750 followed by 1.5700.

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