GBPUSD  Forecast

The GBPUSD had a bearish momentum yesterday. On h4 chart below we can see that price slipped below the minor trendline support and now struggling around the trendline indicating critical technical point in nearest term. Consistent move below the minor trendline support and 1.4750 support area could diminish the bullish correction momentum testing 1.4600 area before testing the major trendline support (white). On the upside, the bullish correction scenario should remains strong if price able to stay above 1.4750 support area with 1.5000/50 region remains potential bullish correction target.

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