The GBPUSD was indecisive yesterday. Price attempted to push higher but still found a good resistance around 1.5200. There are no changes in my technical outlook. The bias is neutral in nearest term. I still prefer a bearish scenario with sell on rallies strategy. Immediate support is seen around 1.5090. A clear break below that area could trigger further bearish pressure testing 1.5050/00. On the upside, a clear break and daily close above 1.5200 could trigger further bullish correction testing 1.5250 – 1.5300.
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