The Gbpusd continued its bullish momentum last week topped at 1.4344 but closed a little bit lower at 1.4159. The bias is neutral in nearest term. We have an inside bar formation as you can see on my daily chart below. Overall I remain bullish but a clear break below 1.4082 (the low of the mother bar) could trigger further bearish pullback testing 1.4000 region. On the upside, we need a clear break and daily close at least above 1.4285 to resume the major bullish trend testing 1.4350 or higher.
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