GBPUSD Outlook
The GBPUSD continued it’s bullish momentum yesterday. The pair hit my long target at 1.6290, even higher, topped at 1.6496 and closed at 1.6438. On hourly chart below we have a valid bullish channel indicating bullish scenario. The bias remains bullish in nearest term targeting 1.6560 and 1.6670 area. Immediate support is seen at 1.6420 followed by 1.6360. CCI in overbought area and heading down on h4 chart suggesting a potential minor downside correction.
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