The GBPUSD failed to continued it’s bearish momentum yesterday, topped at 1.6525 and closed at 1.6491. Surely we haven’t seen significant move and clear direction so far, but we have US GDP data today that could be very important data that could trigger significant movement and potential clearer direction. A worse that expected GDP should be good for the Dollar and we should have a bearish momentum testing trendline support as seen on daily chart below, and if the trendline support is broken we should have further bearish scenario testing key level 1.6000. However, a better than expected GDP should be good for the Cable and give us potential bullish scenario re-testing 1.6660 area.  Good luck :)