Intraday bias in GBPUSD remains on the up side for the moment and traders should consider only long trades and no trade against the current GBPUSD bullish trend. Technically; bullish trend could take price action towards next target at 1.2750.
Vital area for buyers is present at 1.2662, based on most recent swing low in fifteen minutes chart of GBPUSD. However, a clear bearish break down in price action below 1.2662 vital support area will end bullish momentum. In such a market scenario, it would be best not to trade the market and re-analyze the GBPUSD 15 minutes time frame.



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