GBPUSD Daily Forecast: August 31

GBPUSD Forecast
The GBPUSD had a bearish momentum last week bottomed at 1.5334 but traded higher earlier today hit 1.5422. The bias is neutral in nearest term but overall I still prefer a bearish scenario at this phase with nearest target seen around 1.5300. Immediate resistance is seen around 1.5500. A clear break above that area could trigger further bullish pressure testing 1.5550 region. Potential daily range today is seen between 1.5300 – 1.5500.

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