GBPUSD Forecast:

The GBPUSD had a limited bullish momentum yesterday but still able to move above 1.5000 area indicating the upside pressure is still potential. The bias is neutral in nearest term. Bearish potential indicated by CCI divergence as you can see on my h4 chart below. Break below 1.5000 area could trigger further downside pullback testing 1.4950/00 region but overall we are still in bullish correction phase. On the upside, the nearest target is seen around 1.5200 region. Break above that area could trigger further upside pressure testing 1.5400 – 1.5500 region.

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