The GBPUSD market still retains a short term bear trend bias. However, minor recovery action has lifted the market against key 1.2363 Resistance. A close over 1.2363 is needed to secure a short term reversing / bottoming turn, likely sparking a climb to 1.2440.  A close under 1.2210 (SAR) is bearish.

R2        1.2392
R1        1.2350

 
S1        1.2306
S2        1.2264


GBPUSD

 
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