With 4 hours indicators turning bearish and current candle opening under 1.6550 strong zone, Gbp is under selling pressure. 1.6500/1.6520 is next key support zone to consider, ahead of the daily ascendant trend line, today at 1.6440, coming from March lows, around 1.3650. I don’t see the pair breaching under, thus a weekly close under that line, will be more than just suggestive. We still have 8 good trading hours so is quite early to tell. 1.6550/60 has turned now into resistance, ahead of 1.6600. Also weekly close above that level will be something we should not ignore, thus I don’t really see it at this point. (I need new glasses!!!! urgent!! he).
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