The GBPUSD had a bullish momentum yesterday topped at 1.5208. The bias is bullish in nearest term especially if price able to make a consistent movement above 1.5200 testing 1.5250 – 1.5300. Immediate support is seen around 1.5150. A clear break below that area could lead price to neutral zone in nearest term testing 1.5100 or lower. Overall I still prefer a bearish scenario with sell on rallies strategy and any upside pullback now should be seen as a normal correction.
