GBPUSD Forecast:

The GBPUSD attempted to push higher yesterday, after break above the bearish channel, topped at 1.5380 but closed lower at 1.5316. The technical bullishness is confirmed but we need a consistent move above 1.5350 area to continue further bullish scenario targeting 1.5530 area. A failure to do so and another move below 1.5200 area could be a serious threat to the bullish scenario, produce a false breakout and trigger significant bearish momentum towards 1.5000 area even further re-testing 1.4779 region.