GBPUSD Forecast:

The GBPUSD failed to continue its bullish momentum yesterday, bottomed at 1.5019 and closed at 1.5049. This fact should keep the major bearish scenario intact especially if price break below 1.5000 – 1.4950 today targeting 1.4873 even 1.4779 area. Immediate resistance at 1.5120. Break above that area should trigger further upside momentum testing 1.5200/50 area and re-testing the upper line of the bearish channel.