GBPUSD  Forecast

The GBPUSD continued its bullish momentum on Friday, hit 1.5850 and convincingly closed above 1.5750. The bias is bullish in nearest term testing 1.5915 area. Immediate support is seen around 1.5750. A clear break below that area could lead price to neutral zone in nearest term but only a clear break and daily close back below 1.5650 could be a threat to the current bullish intraday outlook which started after the false breakdown below 1.5330.

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