The GBPUSD  maintained a bullish momentum yesterday ,topped at the 1.4969 levels and  printed support at the 1.4811 levels .This development leaves the pair targeting the 1.5080  levels , a halt is likely , but a break would open 1.5162/1.5220 next , further upside will aim the 1.5375 levels.

On the downside , support comes at the 1.4811 levels , losing this level on a daily closing basis will turn outlook neutral and open the 1.4680 levels before the next possible rise , however ; a clear break below the 1.4680 levels will restore the downside momentum and open the the area below 1.4566 levels..

In all , as long as 1.4811 support  holds on a daily closing basis , outlook in GBPUSD  remains on the upside towards the 1.5000/1.5085  levels ahead of the 1.5220 levels .Below 1.4811 will reverse risks towards the 1.4680 levels…….

 


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