GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.4969. The bias remains bullish in nearest term testing 1.5000. Like I said, 1.4950 – 1.5000 area is a key resistance. That area could be a good place to sell considering a good risk-reward ratio with a tight stop loss above 1.5000, as a clear break above that area could be an early signal of a major bullish reversal scenario. Immediate support is seen around 1.4880. A clear break below that area could lead price to neutral zone in nearest term testing 1.4800 area.
