GBPUSD  Forecast

The GBPUSD continued its bearish momentum on Friday, closed at 1.5432 but corrected higher earlier today in Asian session hit 1.5524. The bias is neutral in nearest term but my overall technical bias remains to the downside testing 1.5330. Immediate resistance is seen around 1.5570. A clear break above that area could trigger further bullish pullback testing 1.5635/50 area but as long as stays below 1.5700 I still prefer to short on rallies.

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