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GBPUSD Daily Forecast: August 10

GBPUSD Daily Forecast: August 10
Friday, August 10th, 2018 @ 4:14 am by Setyo Wibowo

About Setyo Wibowo:

Setyo Wibowo Living in East Java, Indonesia and holding International Relations degree, Setyo Wibowo began his forex trading career by joining Fortune Channel Investment in 2000 as a market analyst, while learning to trade forex independently on his own. Driven by his desire to share his trading experiences and ideas, Setyo joined the FX Instructor team in 2008. Setyo Wibowo is now living in Mojokerto, East Java, Indonesia.

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GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.2819. The bias remains bearish in nearest term testing 1.2750 area. Immediate resistance is seen around 1.2855. A clear break above that area could lead price to neutral zone in nearest term testing 1.2900 region but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break and daily/weekly close below 1.2750 would expose 1.2600 – 1.2500 area next week.

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