GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday, bottomed at 1.2957 but closed higher back above 1.3000 psychological support level. The bias is neutral in nearest term. Overall price is still in a bearish phase but note that as long as 1.3000 support area holds, a significant bullish pullback is potential. Immediate resistance is seen around 1.3050. A clear break above that area would expose 1.3100. On the downside, a clear break and daily/weekly close below 1.2950 would target 1.2750 area next week.

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