GBPUSD Forecast
The GBPUSD was corrected lower last week bottomed at 1.3043. The bias is neutral in nearest term but as long as stay above 1.3000 I remain bullish targeting 1.3300 region. Immediate resistance is seen around 1.3115. A clear break and daily close above that area could trigger further bullish pressure testing 1.3175 – 1.3200 region. Immediate support is seen around 1.3043. A clear break below that area could trigger further bearish pressure testing 1.3000 key support which is a good place to buy with a tight stop loss as a clear break below that area would invalidate the bullish outlook.

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