The long term Bias is still negative for this Pair looking forward BUT I must add that Price is trading around a Major S&R trendline that goes back a number of years.
Looking at the GBPUSD weekly chart we've noticed a lot of indecision over the last month or so that indicate a slow down in selling pressure as we head into the monthly long term S&R level.
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Overall bias is to continue to look lower. On Tuesday we have some important data out for UK in the shape of the Industrial Production (MoM) (Oct) & Manufacturing Production (MoM) (Oct). Both are forecast for further contraction. This would ultimately fuel further selling pressure if the data was to come out as expected.