The GBPUSD continued its bearish momentum last week, closed at 1.5662 on Friday. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.5600 – 1.5550/15 support area. Immediate resistance is seen around 1.5735. A clear break above that area could lead price to neutral zone in nearest term testing 1.5785. A clear break and daily close above 1.5785 will interrupt the current short term bearish outlook but as long as stays below 1.6000 I still prefer a bearish scenario.
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