The Gbpusd was indecisive last week. Price has been moving sideways without Clear direction between 1.2980 – 1.2870 as you can see on my daily chart below and we need a clear break from that range area to see clearer direction. The bias is neutral in nearest term. A clear break and consistent movement above 1.2980 could trigger further bullish pressure testing 1.3030 before targeting 1.3125 region. On the downside, a clear break and daily close below 1.2870 would expose 1.2700 area or lower. Overall I remain neutral.
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