GBPUSD Forecast:

The GBPUSD had a bearish momentum yesterday, fell below 1.5000 support area. On daily chart below we can see that price is now testing the minor trendline support indicating critical technical point. Break below that trendline support and consistent move below 1.4900 area could trigger further bearish momentum testing 1.4800 region and could be a serious threat to the bullish correction scenario. On the upside, another movement back above 1.5000 area should keep the upside medium bias intact re-testing 1.5100 area before testing 1.5200 region.

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