After break the psychological resistance at 1.5000, yesterday the GBPUSD made a significant bullish momentum, topped at 1.5278 but further bullish scenario was rejected as the pair quickly dropped and closed at 1.5127 and already lower at 1.5050 early today in Asian session. A breakdown below 1.5000 could trigger further bearish momentum and could be an early phase of the ending of current bullish short term trend (correction). CCI In overbought area and about to cross 100 line down on 4h chart suggesting a potential downside pressures.

GBPUSD Daily Supports and Resistances:

S1= 1.4862
S2= 1.4597
S3= 1.4389
R1= 1.5335
R2= 1.5543
R3= 1.5808