GBPUSD  Forecast

The GBPUSD attempted to push higher yesterday, but closed lower at 1.5951 after unable to break above 1.6000. The bias is neutral in nearest term. Overall price is still in a bullish intraday phase since the false breakdown below 1.5650 but still need a clear break and daily close above 1.6000 to continue the bullish scenario testing 1.6129/50 area. Immediate support is seen around 1.5925/00. A clear break below that area could trigger further bearish pullback testing 1.5850 and keep price inside the range area a little bit longer.

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