The GBPUSD bullish momentum was stopped yesterday and closed lower at 1.5549. There were some upside pressures earlier today in Asian session hit 1.5620. The bias is neutral in nearest term but as long as price stays above 1.5490 I think price is still in a bullish correction phase since bounced from the triple bottom formation as you can see on my h4 chart below, still targeting 1.5750. Immediate support is seen around 1.5530. A clear break below that area could trigger further bearish pressure testing 1.5490 area.
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