The GBPUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Overall I still prefer a bearish scenario at this phase. Immediate support is seen around 1.5070/50. A clear break below that area could trigger further bearish pressure testing 1.5000 or lower. On the upside, a clear break back above 1.5100 would keep the bullish correction phase remains intact testing 1.5150 – 1.5200 but I still prefer to sell on rallies.
