GBPUSD Forecast
The GBPUSD had a strong bearish momentum last week hit 1.2000 but closed higher at 1.2439. As you can see on my daily chart below, we have a hammer candlestick formation suggests a potential bullish correction/reversal scenario. The bias is neutral in nearest term. Immediate resistance is seen around 1.2475 followed by 1.2550 but key resistance is seen around 1.2790. Immediate support is seen around 1.2390 followed by 1.2335.


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