GBPUSD Daily Forecast: August 09

GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.2853 and hit 1.2851 earlier today in Asian session. The bias remains bearish in nearest term testing 1.2800 – 1.2750 region. Immediate resistance is seen around 1.2920. A clear break above that area could lead price to neutral zone in nearest term testing 1.2970 – 1.3000 region but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.