GBPUSD Update

The GBPUSD had a moderate bullish momentum yesterday topped at 1.3026. The bias is bullish in nearest term testing 1.3050 - 1.3100 region. Immediate support is seen around 1.2975. A clear break below that area could lead price to neutral zone in nearest term testing 1.2915/00 area. Overall I remain bearish but any movement near 1.2790 support area seems to be a good place to buy with a tight stop loss.