GBPUSD Forecast:

The GBPUSD attempted to push lower yesterday, bottomed at 1.4719 but further bearish pressure was rejected after political coalition of Conservative-Liberal Democrat made a new administration, brought the pair higher,  topped at 1.5003 but this bullish momentum was short lived as price is now moving lower around 1.4892 at the time I wrote this comment. Price also no back below the major trendline support indicating bearish view. The bias is bearish in nearest term testing 1.4800 area. Immediate resistance at 1.5000. Another break above that area could trigger further bullish momentum testing 1.5100 region.

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