GBPUSD Daily Forecast: August 02

GBPUSD Forecast
The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate resistance is seen around 1.3160. A clear break above that area could trigger further bullish pressure testing 1.3215 area. Immediate support is seen around 1.3070. A clear break below that area could trigger further bearish pressure testing 1.3000 psychological support area which remains a good place to buy with a tight stop loss. Fundamental focus will be on the BoE and MPC statements today and US NFP on Friday.