The GBPUSD was indecisive last week. Price has been trapped between 1.6000 – 1.5650 in the last two months and need a clear break from the range area to see clearer direction. Immediate support is seen around 1.5850. A clear break below that area could trigger further bearish pressure testing 1.5800 – 1.5770 support area. On the upside, a clear break above 1.5900/13 resistance area could trigger further upside pressure testing 1.6000 key resistance but would need a clear break and daily close above 1.6000 to continue the bullish scenario after broke above the trend line resistance and reactivate my bullish mode.
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