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GBPUSD Daily Forecast: August 26

GBPUSD Forecast
The Gbpusd had another indecisive movement yesterday. As you can see on my H4 chart below price is struggling around the H4 EMA 200. The bias is neutral in nearest term. Immediate support is seen around 1.3170. A clear break below that area could trigger further bearish Pressure Testing 1.3100 region. Immediate resistance is seen around 1.3215. A clear break above that area could trigger further bullish pressure testing 1.3300 area. Overall, as long as stay below 1.3500 I remain bearish.

gbpusdh4



This post first appeared on FX Instructor Forex Blog - For Traders, By Traders, please read the originial post: here

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GBPUSD Daily Forecast: August 26

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