GBPUSD Daily Forecast: August 28

GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.5368. The bias remains bearish in nearest term testing 1.5300. Immediate resistance is seen around 1.5450. A clear break above that area could lead price to neutral zone in nearest term testing 1.5500 area but overall I still prefer a bearish scenario at this phase. Potential daily range today is seen between 1.5300 – 1.5500.


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