GBPUSD Forecast
The GBPUSD had a bullish momentum last week after the FOMC, topped at 1.5164 but closed lower at 1.4948. The bias is neutral in nearest term probably with a little bullish bias testing 1.5000 area. Immediate support is seen around 1.4885. A clear break below that area could trigger further bearish pressure testing 1.4775 area. I prefer to stand aside for now and wait for further development.
