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GBPUSD Forecast
The GBPUSD continued its bullish momentum on Friday, broke above 1.5650 and topped at 1.5724. The bias is bullish in nearest term testing 1.5800 – 1.5815 resistance area. Although intraday outlook is strongly bullish, medium term outlook is neutral. Immediate support is seen around 1.5635 – 1.5600. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear.
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