GBPUSD Forecast:

The GBPUSD had a significant bullish momentum yesterday, slipped above the major bearish channel indicating serious threat to the major bearish scenario and potential new bullish phase with technical target around 1.5350 area after rejection to move below the major trendline support on March 10. Immediate support at 1.5200. Break below that area an a pullback inside the bearish channel should be seen as potential false breakout scenario which could trigger significant bearish momentum re-testing 1.5000/50 area.