The GBPUSD also attempted to push lower yesterday, bottomed at 1.4251 but closed higher at 1.4473, also in a high volatile market. Like the EURUSD, we have a hammer candle stick pattern on daily chart indicating potential bullish reversal/correction. Unless price make a consistent move below 1.4400 area today, this bullish correction/reversal warning is real especially if price able to break above 1.4550 region testing at least 1.4600/30 area. However note that as long as price stays below the major trendline support the main scenario should remain bearish. Below 1.4400, further bearish pressure towards 1.4360 even 1.4251 is potential.
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