GBPUSD Forecast
The GBPUSD had a bearish momentum last week bottomed at 1.2089. The bias is bearish in nearest term and overall I also remain bearish but as long as stay above 1.2000 the hammer formation bullish correction/reversal scenario should remain valid. Immediate resistance is seen around 1.2205. A clear break above that area could lead price to neutral zone in nearest term testing 1.2270 or higher.

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