The GBPUSD was indecisive last week but overall still able to maintain its bearish correction bias after fell from 1.6259. Key support remains around 1.5950. A clear break and consistent movement below that area could interrupt the major bullish outlook and could be an early signal of a bearish reversal scenario. On the upside, we need a clear break at least above 1.6000 – 1.6050 to keep the bullish scenario remains strong.
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