The Gbpusd didn’t make significant movement last week. The bias is neutral in nearest term. Immediate support is seen around 1.2385. A clear break below that area could trigger further bearish Pressure Testing 1.2350/25 area. Immediate resistance is seen around 1.2450. A clear break above that area could trigger further bullish pressure testing 1.2500 or higher. Overall I remain neutral.
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