GBPUSD Forecast
The GBPUSD was indecisive yesterday. The bias remains neutral in nearest term. Overall I remain bearish but as long as stay above 1.2000 the hammer formation bullish correction/reversal scenario should remain valid. Immediate support is seen around 1.2180. A clear break below that area could trigger further bearish pressure testing 1.2100 region. Immediate resistance is seen around 1.2275. A clear break above that area could trigger further bullish pressure testing 1.2325 area or higher.


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