GBPUSD Forecast
The GBPUSD had a strong bullish momentum yesterday, topped at 1.2927 but closed lower at 1.2876. The bias is bullish in nearest term but in my opinion, 1.2875 resistance area is not clearly broken, not until we have a convincing daily close above it. Immediate support is seen around 1.2820. A clear break and daily close below that area would keep the short-term bearish bias alive and kicking testing 1.2700 region. On the upside, a consistent movement above 1.2875 would expose 1.3000 region.


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