GBPUSD Forecast:

The GBPUSD attempted to push lower yesterday, bottomed at 1.5081 but whipsawed to the upside and closed at 1.5188. The bias is bullish in nearest term especially if price able to move consistently above 1.5227 targeting 1.5290 before testing 1.5400 – 1.5500 region this week. Immediate support at 1.5150/60 followed by 1.5080. On the downside, only a movement back below 1.5000 could be a serious threat to the current bullish bias.

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