GBPUSD  Forecast

The GBPUSD didn’t make significant movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Immediate support is seen around 1.5829 (yesterday’s low) followed by 1.5780/50. 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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