The GBPUSD didn’t make significant movement on Friday. On daily chart below we can see that price is now struggling around the trendline resistance area indicating critical phase. The bias is neutral in nearest term but overall we are still in strong bullish correction phase but need consistent move above the trendline resistance to continue the bullish pressure targeting 1.5400 – 1.5500 area. Potential bearish indicated by CCI divergence as you can see on my daily chart below. Immediate support at 1.5100 followed by 1.5000. Only movement below 1.5000 could be seen as serious threat to the bullish outlook.
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