Fxw Analysis: Gbp/usd Daily Outlook
We are still expecting the momentum of GBP/USD to be downward. June high 1.5784 should be the first strong support, and then Jul.19 high 1.5740.
Our first resistance level stays at Aug. high and Oct. low 1.5912.
Breaking this level would bring GBP/USD to another rally, and the next resistance is Oct.6 low 1.5955. Above 1.5955 there is Oct. 29 low 1.6005.
S1: 1.5784 Jun. high
S2:1.5740 Jul. 19 high
S3:1.5492 Aug.2 low
R1:1.5912 Aug. high and Oct. low
R2: 1.5955 Oct.6 low
R3:1.6005 Oct. 29 low
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