The GBPUSD continued its bullish momentum yesterday broke above 1.2330, topped at 1.2494. The bias remain bullish in nearest term testing 1.2600 area. Immediate support is seen around 1.2430. A clear break below that area could lead price to neutral zone in nearest term testing 1.2370. On the upside, a clear break and daily/weekly close above 1.2600 would expose 1.2790 next week as a part of the hammer formation (daily chart) bullish correction/reversal scenario.