GBPUSD Forecast:

The GBPUSD had a bullish momentum yesterday. On my h4 chart below we can see that price break above the bullish flag, confirms the bullish scenario targeting 1.5550 – 1.5600 area. Immediate support at 1.5425. Break below that area could be a threat to the bullish flag upside scenario, lead us into a no trading zone testing 1.5350 area but as long as price still move inside the bullish channel I still prefer a bullish scenario at this phase.

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