The GBPUSD failed to continue its bullish momentum yesterday and hit 1.6078 earlier today. The bias is neutral in both nearest and medium term. Immediate support is seen around 1.6078 (current low). A clear break below that area could trigger further bearish pressure testing 1.6000. Immediate resistance is seen around 1.6130/50. A clear break above that area could trigger further bullish pressure testing 1.6200.
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