The GBPUSD attempted to push lower last week bottomed at 1.4805 but whipsawed to the upside and closed at 1.4924. The bias is bullish in nearest term testing the trend line resistance and 1.5025 which is a good place to sell with a tight stop loss. Immediate support is seen around 1.4900. A clear break below that area could lead price to neutral zone in nearest term testing 1.4865 – 1.4800 area. As long as stays below the trend line resistance I still prefer a bearish scenario at this phase.
