The Gbpusd had a bullish momentum last week topped at 1.2573. The bias is neutral in nearest term but as long as stay above 1.2480 I still prefer a bullish scenario at this phase retesting 1.2615 region. Immediate resistance is seen around 1.2575 followed by 1.2615. On the downside, a clear break and daily close below 1.2480 would end the bullish phase which started after bounced off 1.2375 key support. Overall I remain neutral.
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