GBPUSD Forecast:

The GBPUSD continued its bullish momentum yesterday after break above the minor trendline resistance (red), as you can see on my h1 chart below. The bias is bullish in nearest term targeting 1.5050 – 1.5100 region. Immediate support at 1.4900/50 area. Break below that area could lead us into no trading zone in nearest term but overall we are still in bullish correction even potential reversal at this phase especially if price able to move consistently above 1.5000 psychological area testing 1.5400 – 1.5500 region in longer term.

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