The GBPUSD regained its bullish momentum yesterday and hit 1.6256 earlier today. The bias is bullish in nearest term but note that price is still moving sideways without significant bullish breakout so far and need a clear break at least above 1.6300 to continue the bullish scenario after break above the trend line. Immediate support is seen around 1.6200. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above the trend line and 1.6150/35 I still prefer to buy on dips.
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