GBPUSD Remains In Bullish Mode Above 1.5000 –psycho level

GBPUSD found  support yesterday 30 pips above the 1.5000 psychological level from where intra-day bulls lifted the pair in an impulsive manner back above 1.5200 level.

Notice that prior that rally, the pair made actually only three waves down from 1.5260 high, which is structure of a corrective move. As such, we believe that this was only wave B) pull-back, part of a three wave rally in wave (4) headed up to 1.5350-1.5400.

The pair remains in bullish mode for now as long as 1.5030 support is not breached.

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