The Gbpusd continued its Bearish momentum yesterday bottomed at 1.2865. The bias remains bearish in nearest term testing 1.2790. Immediate resistance is seen around 1.2950. A clear break above that area could lead price to neutral zone in nearest term testing 1.3000 or higher but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break and daily close below 1.2790 could trigger further bearish pressure testing 1.2700 – 1.2650 region.
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