The GBPUSD had a moderate bullish momentum yesterday topped at 1.2249. The bias is bullish in nearest term testing 1.2300 area. Immediate support is seen around 1.2170. A clear break below that area could lead price to neutral zone in nearest term testing 1.2135 or lower but key support remains at 1.2000. Overall I remain bearish but as long as stay above 1.2000 the hammer formation bullish correction/reversal scenario should remain valid.