GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday bottomed at 1.4886. The bias is bearish in nearest term testing 1.4850 – 1.4800. The failure to move consistently above 1.5000 could produce a potential false breakout bearish scenario and keep the major bearish scenario remains valid. Immediate resistance is seen around 1.4920. A clear break above that area could lead price to neutral zone in nearest term retesting 1.5000 key resistance.
