The GBPUSD slipped above 1.6000 yesterday, topped at 1.6057 but closed lower at 1.5960 in a volatile market. As you can see on my h4 chart below, the bullish movement is characterized by four breakouts. The previous three breakouts were relatively smoother than the fourth, but for me it’s not a surprise as intensive battle in a psychological level (1.6000) is normal and I think the major scenario remains strongly bullish as long as price able to stay above 1.5885 testing 1.6300. Immediate support at 1.5950. Break below that area could lead us to neutral zone in nearest term testing 1.5885 support area.
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