The GBPUSD was indecisive last week. On h4 chart below we can see price is trapped in range area of 1.6139 – 1.5910 and need a clear break on either side to see clearer direction. I still prefer a bearish scenario at this phase but would need a clear break below 1.5910 to continue the bearish pressure testing 1.5800 region even lower. Aggressive intraday traders can short around 1.6139 or long around 1.5910 with tight stop loss.
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