The GBPUSD continued its bullish momentum last week, topped at 1.6254. As you can see on my daily chart below price broke above a major trend line resistance suggests further bullish scenario. The bias remains bullish in nearest term testing 1.6300 – 1.6350 area. Immediate support is seen around 1.6200. A clear break below that area could lead price to neutral zone in nearest term testing 1.6130 area but any downside pullback now is normal and I still prefer to buy on dips.
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