The GBPUSD had another indecisive movement yesterday but corrected lower earlier today hit 1.5587. Overall the major bullish scenario remains valid but price is in a bearish correction phase. The bias is bearish in nearest term testing 1.5575 – 1.5500. Immediate resistance is seen around 1.5650. A clear break above that area could lead price to neutral zone in nearest term but we need a clear break at least above 1.5700 to end the current bearish correction phase and continue the major bullish scenario.
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