The GBPUSD attempted to push lower yesterday bottomed at 1.5427 but whipsawed to the upside and closed higher at 1.5524. The bias is neutral ini nearest term but as long as stays below 1.5600 price is still in a bearish correction phase. On the downside, key support is seen around 1.5400. A clear break below that area would be a threat to the bullish outlook and could be an early signal of a bearish reversal scenario.
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