GBPUSD Forecast
The GBPUSD had a significant bullish momentum yesterday broke above the bearish channel as you can see on my H4 chart below, topped at 1.3032 and hit 1.3038 earlier today in Asian session. This fact invalidates the major bearish trend. The bias is bullish in nearest term testing 1.3100 region. Immediate support is seen around 1.2975. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 1.2920/00 region price is still in a valid bullish phase.

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