GBPUSD setting itself for a dip…

GBPUSD seems to be setting itself for another dip towards 1.4810 level and
test that level again. Before doing so it is taking some correction and if
GBPUSD rises to something around 1.5000 level, then it will be an ideal
situation for traders to sell GBPUSD for targets around 1.4810 level.  

Break of 1.4810 will open up GBPUSD for an extended move towards 1.4500
level and break out traders will surely focus on that level as well.

On the upper side, break above 1.5000 level will set 1.5200 as next target
for GBPUSD. We might see traders entering with decent stops and hope to
capture the right move.