The GBPUSD failed to continue its bearish momentum last week after unable to make a clear break below 1.2330 key support, topped at 1.2512. The bias remains neutral in nearest term but as long as stay above 1.2330 I still prefer a bullish scenario at this phase. Immediate resistance is seen around 1.2515. A clear break above that area could trigger further bullish pressure testing 1.2550/80 area or higher. Immediate support is seen around 1.2450 followed by 1.2400.