The GBPUSD was indecisive yesterday. The bias remains neutral in nearest term. The major bullish scenario remains valid but as long as stays below 1.5550 – 1.5600 price is still in a bearish correction phase. Immediate support is seen around 1.5500 – 1.5480. A clear break below that area could trigger further bearish pressure testing 1.5400 key support area. A clear break and daily/weekly close below 1.5400 would be a threat to the bullish outlook and could be an early signal of a bearish reversal scenario.
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