GBPUSD Forecast:

The GBPUSD bullish momentum was paused yesterday, but so far price still able to stay above 1.5000 region. The bias remains neutral in nearest term but overall we are still in upside correction phase. Break below 1.5000 could trigger further bearish pressure testing 1.4900 area. On the upside, consistent move above 1.5080 – 1.5100 area and the major trendline resistance (blue) could trigger further upside pressure testing 1.5200 region before targeting 1.5400 – 1.5500 area.

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