GBPUSD Daily Forecast: August 06

GBPUSD Forecast
The GBPUSD had a bearish momentum last week bottomed at 1.2975 and now struggling around 1.3000 psychological level, which not clearly broken yet. The bias is bearish in nearest term testing 1.2950. A clear break and daily close below that area would resume the major bearish trend targeting 1.2750 region. Immediate resistance is seen around 1.3040. A clear break above that area could lead price to neutral zone in nearest term testing 1.3070 area but only a clear break above 1.3125 could be a serious threat to the bearish trend.