The GBPUSD was indecisive yesterday but overall still able to maintain its bearish correction bias. The bias remains bearish in nearest term testing 1.5950 key support area. A clear break and daily close below that area would confirm the double top bearish reversal scenario with 1.5750 as nearest target. On the upside, we need a clear break and consistent movement at least above 1.6100 – 1.6125 to give the bullish scenario another chance retesting 1.6259 key resistance area.
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