The GBPUSD didn’t make significant movement yesterday. The bias is neutral in nearest term. Although my overall technical outlook remains to the upside price has been moving sideways in the last two weeks without consistent momentum. Immediate support is seen around 1.5800 – 1.5780. A clear break below that area could trigger further bearish pressure testing 1.5700 – 1.5650 support area but only a clear break and daily close below 1.5650 could change my intraday bias to a bearish view and as long as stays above 1.5650 I still prefer to buy on dips still testing 1.5900 – 1.6000 area.
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