The GBPUSD break below the range area (of 1.5227 – 1.5080), touched 1.5001 earlier today in Asian session but still able to move above that psychological level so far. The bias is bearish in nearest term but note that we surely need consistent movement below 1.5000 area to continue the bearish bias testing 1.4900 and .14800 area. On the upside, another movement above 1.5080 – 1.5100 area should keep the bullish correction scenario intact at least re-testing 1.5227 area.
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