GBPUSD Forecast:

The GBPUSD had a significant bearish momentum yesterday, fell below 1.5000 psychological level, bottomed at 1.4779 but closed higher at 1.4925. The bias is bearish in nearest term re-testing 1.4779 area. Another movement above 1.5000 area should lead us into no trading zone testing 1.5200/50 area but overall I think the pressure should remain to the downside.   Break below 1.4779 should open the way for further bearish scenario targeting 1.4500 area.