The GBPUSD had a bullish momentum yesterday topped at 1.2940 but closed a little bit lower at 1.2901. Like I said, we need a clear break above 1.2900 to end the bearish correction phase and continue the bullish scenario targeting 1.3050 region. The bias is bullish in nearest term testing 1.3000 – 1.3050 area. Immediate support is seen around 1.2900 – 1.2890 area. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear but as long as stay above 1.2780 key support I remain bullish and any downside pullback should be seen as a good opportunity to buy.
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Hi William, I’m personally looking to short GBPUSD down to 1.2771 this week