The GBPUSD attempted to push higher last week topped at 1.5716 but whipsawed to the downside and closed lower at 1.5566. The major bullish scenario should remain valid but price is in a bearish correction phase now. The bias is bearish in nearest term testing 1.5500. On the upside, we need a clear break above 1.5650 – 1.5700 to keep the major bullish scenario remains strong.
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