GBPUSD Forecast:

The GBPUSD was able to maintain its bullish bias yesterday. The bullish power finally won after price struggling around the trendline resistance and now seems comfortable stays above the trendline indicating potential further upside recovery in nearest term testing 1.4875 area before targeting 1.5000 region. Immediate support at 1.4750 – 1.4700 area. Break below that area could wane the bullish momentum testing 1.4640/00 region but overall we are still in bullish correction phase.

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