The GBPUSD had a bearish momentum yesterday bottomed at 1.5562 but traded higher earlier today hit 1.5602. The bias is neutral in nearest term . The major bullish scenario should remain valid but need a clear break at least above 1.5650 – 1.5700 to keep the bullish scenario remains strong. Immediate support is seen around 1.5570. A clear break below that area could trigger further bearish correction testing 1.5500 area.
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