GBPUSD  Forecast

The GBPUSD was corrected lower yesterday but still able to move above 1.5780 support area so far and hit 1.5847 earlier today. The bias is neutral in nearest term but overall there are no changes in my technical outlook where the overall bias remains to the upside and I still prefer to buy on dips at this phase still targeting 1.6000 region. On the downside, a clear break and daily close below 1.5780 would stop the current bullish intraday outlook and activate my wait and see mode.

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