The GBPUSD continued its bullish momentum on Friday slipped above 1.5800 but whipsawed to the downside earlier today hit 1.5702. The bias is bearish in nearest term testing 1.5650/00. Immediate resistance is seen around 1.5750. A clear break above that area could lead price to neutral zone in nearest term testing 1.5800 or higher. Overall I still prefer a bearish outlook as a part of the false breakout bearish scenario.
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