GBPUSD Forecast
The GBPUSD regained its bearish momentum last week, broke below the minor bullish channel as you can see on my H1 chart below suggests a bearish outlook. The bias is bearish in nearest term testing 1.5000 psychological support. A clear break and daily close below that area could trigger further bearish scenario testing 1.4850 region. Immediate resistance is seen around 1.5070. A clear break above that area could lead price to neutral zone in nearest term testing 1.5130 area. I prefer a bearish scenario at this phase.
