GBPUSD Forecast:

The GBPUSD failed to stay consistently below the trendline support, indicating potential false breakdown scenario which could produce significant bullish momentum testing 1.5000/50 region. The trendline support remains the key support area at this phase. Another move below it should keep the bearish scenario testing 1.4500 intact. Immediate support at 1.4891 (current low). Break below that area could trigger further bearish momentum testing 1.4779 area.

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