First National Innovation Brokers the daily forecast GBPUSD August 8th

GBPUSD

The GBPUSD had a bullish momentum yesterday topped at 1.5531 and slipped above the daily EMA 200 as you can see on my daily chart below. The bias is bullish in nearest term testing 1.5600. Immediate support is seen around 1.5480. A clear break below that area could lead price to neutral zone in nearest term testing 1.5430 but any downside pullback now is normal and overall I still prefer a bullish scenario at this phase.