GBPUSD Daily Forecast: August 10

GBPUSD Forecast
The GBPUSD continued its bearish momentum yesterday bottomed at 1.2819. The bias remains bearish in nearest term testing 1.2750 area. Immediate resistance is seen around 1.2855. A clear break above that area could lead price to neutral zone in nearest term testing 1.2900 region but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell. On the downside, a clear break and daily/weekly close below 1.2750 would expose 1.2600 – 1.2500 area next week.