GBPUSD Forecast:

The GBPUSD failed to continue the bearish momentum by move back above 1.5000 psychological level. This fact should trigger further upside correction targeting 1.5200/50 area in nearest term but note that the major bearish scenario should remain intact as long as price still move inside the bearish channel. Another movement below 1.5000 area could cancel the upside correction scenario re-testing 1.4779 area.