GBPUSD Forecast
The GBPUSD attempted to push lower yesterday bottomed at 1.2081 but closed higher at 1.2186. The bias is neutral in nearest term. Immediate resistance is seen around 1.2205. A clear break above that area could trigger further bullish pressure testing 1.2250 – 1.2300 area. Immediate support is seen around 1.2135 followed by 1.2080 but as long as stay above 1.2000 the hammer formation bullish correction/reversal scenario should remain valid.


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