GBPUSD Daily Forecast: August 08

GBPUSD Forecast
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish bias. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 1.2900 – 1.2850 region. Immediate resistance is seen around 1.2975. A clear break above that area could lead price to neutral zone in nearest term testing 1.3000 region but as long as stay inside the bearish channel I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.