FORECAST OF GBP V/S USD FOR UPCOMING WEEK 24-8-2019

GBPUSD took a sharp upside for the course of week and hit to 1.3298 but closed flat at 1.3079 all the upside of the week was washed just on Friday, where prices came down from 1.3277 to 1.3079.

Analysing on the day charts we still feel a prices to recover in coming week and hit for 1.3300 in coming days.Talking for the important levels on chart the first support comes at 1.3050 and the next support handle comes at 1.2800 looking on the resistance part we expect prices to take a little rest at 1.3300 and the next resistance falls at 1.3450.

As the major release for GBP have been made for the week now we are remaining only with the Data on Current Account which is about to release on 28 September. USD/SGD

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