GBPUSD Forecast

The GBPUSD had a bearish momentum yesterday, bottomed at 1.5741 and closed at 1.5755. The bias is bearish in nearest term especially if price able to make a clear break below 1.5731 testing 1.5650. Immediate resistance is seen around 1.5800. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 1.6000 I still prefer a bearish scenario at this phase with sell on rallies strategy.


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