The GBPUSD was volatile but indecisive yesterday. Price attempted to push higher, slipped above 1.5570 but closed lower at 1.5497. There are no changes in my technical outlook. The bias remains neutral in nearest term but my overall technical bias remains to the downside still testing 1.5330. Immediate resistance remains around 1.5570. A clear break and daily close above that area could trigger further upside pullback but as long as stays below 1.5700 I still prefer to short on rallies.
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