GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.5242. The bias is bullish in nearest term testing 1.5300 but overall I remain bearish and 1.5300 region seems to be a good place to sell with a tight stop loss. Immediate support is seen around 1.5200. A clear break below that area could lead price to neutral zone in nearest term testing 1.5150 – 1.5090 area. Potential daily range today remains between 1.5090 – 1.5300. A clear break and daily close below 1.5090 could trigger further bearish pressure testing 1.5000 psychological level. On the other hand, a clear break above 1.5300 could be a serious threat to the bearish scenario and activate my wait and see mode.

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