GBPUSD Forecast
The GBPUSD failed to continue its bullish momentum yesterday bottomed at 1.2500. The bias is bearish in nearest term testing 1.2480 support area which is a good place to buy with a tight stop loss as a clear break below that area would end the bullish phase after bounced off 1.2375 key support, testing 1.2450/00 region. Immediate resistance is seen around 1.2520/35. A clear break above that area could lead price to neutral zone in nearest term but would keep the bullish phase remains alive and kicking retesting 1.2615 region. Overall I remain neutral.

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