While GBP/USD's rebound extended to 1.5551 last week, it did face resistance from 1.5540, 38.2% retracement of 1.6523 to 1.4950 at 1.5551 and retreated since then. Initial bias is neutral this week. At this point, rise from 1.4950 is viewed as a corrective move and break of 1.5315 will indicates
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