GBPUSD
The GBPUSD continued its bullish momentum yesterday topped at 1.5573. The bias remains bullish in nearest term testing 1.5600. A clear break and weekly close above that area could trigger further bullish momentum testing 1.5700/50 resistance area. Immediate support is seen around 1.5520. A clear break below that area could lead price to neutral zone in nearest term. Indicators are in overbought area on hourly chart so any downside pullback now is normal but as long as stays above 1.5400 – 1.5350 my overall technical bias remains bullish.
