The GBPUSD failed to continue its bearish momentum yesterday topped at 1.6099. The bias is neutral in nearest term. Immediate support is seen around 1.6050. A clear break below that area could trigger further bearish pressure testing 1.6000. On the upside, we need a clear break and consistent movement above 1.6100 to keep the major bullish outlook remains strong testing 1.6200 – 1.6300 area.
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