The GBPUSD continued its bullish momentum yesterday, topped at 1.5913 but corrected lower earlier today hit 1.5865. The bias is neutral in nearest term. Immediate support is seen around 1.5850. A clear break below that area could trigger further bearish pressure testing 1.5800 – 1.5750 support area. On the upside, a clear break above 1.5913 could trigger another bullish pressure testing 1.6000 key resistance area. Overall price is still trapped in range area between 1.6000 – 1.5650 and need a clear break from the range area to see clearer direction.
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