GBPUSD Forecast:

The GBPUSD had a significant bearish momentum yesterday. On daily chart below we can see that price is now struggling around the major trendline support indicating critical technical phase. Clear break below the trendline support should trigger further bearish scenario targeting 1.4500 region. Immediate resistance at 1.4950. Break above that area could trigger further upside correction testing 1.5000/50 area. Initial support at 1.4840/50 area. Break below that area confirms the technical bearishness targeting 1.4779 before aim for 1.4500.

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