GBPUSD Forecast:

The GBPUSD was also volatile yesterday, but still able to maintain its bearish momentum. Price is now ready to make another attempt to break the major trendline support and we need a clear break below that trendline support to continue further bearish scenario targeting 1.4500 area this week. Above the trendline support, any upside pullback is still open wide. Nearest technical bearish target is seen at 1.4873 and 1.4779 area. Immediate resistance at 1.5070 area. Break above that area could trigger further upside correction towards 1.5125/50 area.

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