Resistance: 1.5151 strong/1.5190 moderate/1.5257 minor
Support: 1.5084 moderate/1.5045 minor/1.4978 minor
Market bias for GBPUSD is bearish with prices under a strong resistance at 1.5151. Hourly candlesticks however have a mid level reversal pattern, Bullish Engulfing. Look for a close above the Pivot Point, 1.5151, for a run to 1.5190 with stop losses just below the patterns low. Break of 1.5190 could lead to a market rally for 1.5257.
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