First National Innovation Brokers the daily forecast August GBPUSD 7th

GBPUSD

The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. As long as stays above 1.5150 I still prefer a bullish scenario at this phase. Immediate resistance is seen around 1.5370. A clear break above that area could trigger further bullish pressure testing 1.5400 and the daily EMA 200 located around 1.5450/60 which could be a strong resistance at this phase. Immediate support is seen around 1.5280/50.