GBPUSD seems to be taking a breather during last few days and being traded in a sideways trend. Now it seems that it is setting up for a move towards 1.6150 level which might well extend towards 1.6250 level.
On the lower side traders will aim to buy around 1.6075 level and, dip below that will test 1.6035 support level next. In general the Long term trend comfortable seems bullish and mostly traders will be focusing on buying GBPUSD on retracement dips.
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