GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.2584. The bias is bullish in nearest term especially if price able to make a clear break above 1.2600 testing 1.2650 – 1.2700 region as a part of the hammer formation bullish correction/reversal scenario (daily chart). Immediate support is seen around 1.2500. A clear break below that area could lead price to neutral zone in nearest term testing 1.2450 area but key support is seen at 1.2330 which remains a good place to buy with a tight stop loss.

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