GBPUSD  Forecast

The GBPUSD had a significant bearish momentum yesterday, broke below 1.5490 support area and closed at 1.5429. This fact is a serious threat to the bullish correction phase started by the triple bottom formation as you can see on my h4 chart below. The bias is bearish in nearest term testing 1.5330. A clear break below 1.5330 not only could end bullish correction phase but would continue the major bearish scenario testing 1.5000 area. On the upside, a clear break back above 1.5490 could lead price to neutral zone in nearest term as direction would become unclear.

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