GBPUSD  Forecast

The GBPUSD had a bullish momentum yesterday, topped at 1.5746 and closed at 1.5702. The bias is bullish in nearest term especially if price able to make another break above 1.5750 testing 1.5800 – 1.5850 area. On the downside we need a clear break and daily close at least back below 1.5650 to continue the bearish scenario since the failure to break above 1.6000 testing 1.5550 – 1.5500 support area.

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