The GBPUSD had a bullish momentum yesterday topped at 1.5217 but closed lower at 1.5177. The bias is neutral in nearest term probably with a little bullish bias testing 1.5280. Immediate support is seen around 1.5150. A clear break below that area could trigger further bearish pressure testing 1.5100 or lower. As you can see on my hourly chart below, price is struggling around the lower line of the bullish channel. I still prefer a bullish scenario, but would stand aside for now and wait for a consistent movement back above 1.5280/50 to reactivate my bullish mode.
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