GBPUSD Forecast

The GBPUSD had a bearish momentum yesterday, bottomed at 1.5460 and closed at 1.5481. The bias is bearish in nearest term testing 1.5400. Immediate resistance is seen around 1.5515. A clear break back above that area could lead price to neutral zone in nearest term testing 1.5580 – 1.5600 resistance area. On the downside, a clear break and daily close below 1.5400 could trigger further bearish pressure retesting 1.5270 important support area.

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