GBPUSD Forecast:

The GBPUSD had a significant technical movement yesterday by break above the major bearish channel, confirms the bullish reversal scenario. The bias is bullish in nearest term targeting 1.5380. Immediate support at 1.5100. Break below that area could trigger further bearish pressure testing 1.5000 region and could produce a false breakout scenario which could trigger significant bearish momentum testing 1.4873 area and keep the bearish scenario intact.

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