The GBPUSD bullish momentum was stopped yesterday but overall still able to maintain its bullish correction phase. The bias is neutral in nearest term. Immediate resistance is seen around 1.5250/9. A clear break above that area could trigger further bullish pressure testing 1.5300 area. Overall I still prefer a bearish scenario with sell on rallies strategy. On the downside, we need a clear break at least back below 1.5130/00 to keep the bearish scenario remains strong testing 1.5000.
