GBPUSD Forecast The GBPUSD continued its bullish momentum yesterday topped at 1.2615 but closed a little bit lower at 1.2557. The bias remains bullish in nearest term testing 1.2650 – 1.2700 region. Immediate support is seen around 1.2530 located around the lower line of the bullish channel as you can see on my H1 chart below. A clear break below that area could lead price to neutral zone in nearest term but only a clear break back below the H1 EMA 200 and 1.2450 would be a serious threat to the current short-term bullish trend. Overall I remain neutral.