The Gbpusd attempted to push lower yesterday bottomed at 1.2418 but whipsawed to the upside and closed higher at 1.2520. The bias is neutral in nearest term probably with a little bullish bias testing 1.2600/50 area. Immediate support is seen around 1.2490. A clear break below that area could trigger further bearish pressure testing 1.2420/00 area but overall I still prefer a bullish scenario at this phase targeting 1.2790 this week.
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