GBPUSD Forecast:

The GBPUSD had a significant bullish momentum after violated the bearish channel yesterday. The bias is bullish in nearest term testing 1.4769 area. Consistent move above that area could trigger further bullish momentum testing 1.4850 before testing 1.5000 region. However note that overall the main scenario remains bearish both in medium and long term point of view. Immediate support at 1.4640/50 region. Break below that area could trigger further bearish pressure testing 1.4550 region.

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