GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.2982 but closed lower at 1.2903 in a high volatile market. The bias is neutral in nearest term. As long as 1.2975 – 1.1920 resistance area holds, the bearish phase since fell from 1.3042 remains valid. Immediate support is seen around 1.2875. A clear break below that area could trigger further bearish pressure testing 1.2830/00 region. On the upside, a clear break above 1.2975 would invalidate the bearish phase retesting 1.3042 – 1.3100 area.

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