The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 1.5950. A clear break below that area could trigger further bearish pressure testing 1.5875 area. Immediate resistance is seen around 1.6015. A clear break above that area could trigger further bullish pressure testing 1.6060/70 which needs to be clearly broken to the upside to keep the bullish scenario remains strong testing 1.6200 – 1.6300.
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