GBP/USD has formed a short term bottom around 1.4950 and is recovering from that level. It is facing strong resistance around 1.5085 (200 day Hourly EMA ) and break of 1.5085 will take the pair to 1.5135/1.5200.
On the downside minor support is around 1.5000 and break of will target 1.4950/1.4860.
Indicators (60 Min chart) CCI (50) - Buy CCI (14) - Buy
Recommendation: Buy GBP/USD around 1.5060, SL 1.4998, Targets 1.5135/1.5198.