GBPUSD Daily Forecast: August 22

(Before It's News)

GBPUSD Forecast
The GBPUSD had a bullish momentum yesterday slipped above 1.5780, topped at 1.5803. Not only slipped above the range area, price also closed above the daily EMA 200. This fact activates my bullish mode testing 1.5850 – 1.5900 region even 1.6000. Immediate support is seen around 1.5750 followed by 1.5700. A failure to stay above the range and a movement back below 1.5700 could trigger further bearish scenario (false breakout).

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