GBPUSD Forecast
The GBPUSD had a bearish momentum yesterday but still able to move above the trend line as you can see on my H1 chart below which keep the bullish scenario targeting 1.5335 remains intact. Immediate support is seen around 1.5100. A clear break below that area would interrupt the bullish scenario testing 1.5000 region. Fundamental focus today will be on UK CPI y/y and US CPI numbers but the most anticipated event this week is the FOMC interest rate decision on Wednesday/Thursday where the Fed is widely expected to raise interest rate for the first time since 2006.
