GBPUSD Daily Technical Analysis

The GBPUSD continued its bullish momentum last week topped at 1.5433. Despite hesitation to move consistently above 1.5400, as long as stays above 1.5300 the current bullish phase should remain valid testing 1.5480 key resistance area (daily EMA 200). Immediate support is seen around 1.5350. A clear break below that area could trigger further bearish pullback but only a clear break and daily close below 1.5300 could interrupt the current bullish outlook.

IMOH, Clement I.
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