GBPUSD Daily Forecast: August 21
GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday topped at 1.2799 and hit 1.2834 earlier today in Asian session on broad US Dollar weakness. However note that the current strong bullish momentum is just a correctional movement and should be seen as as good opportunity to sell. The bias is bullish in nearest term testing 1.2920 area which is a good place to sell. Immediate support is seen around 1.2780. A clear break below that area could lead price to neutral zone in nearest term testing 1.2750 area which need to be clearly broken to the downside to potentially end the current bullish correction phase.
Source: https://fxinstructor.com/blog/gbpusd-daily-forecast-august-21-7
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