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GBPUSD DAILY FORECAST

British Pound / U.S. Dollar (FX:GBPUSD)  
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FX:GBPUSD   British Pound / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators GBPUSD XAUUSD poundsterling EURUSD USDCAD priceaction Technical Analysis Candlestick analysis Forex
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trendanalysis chartpattern indicator gbpusd xauusd poundsterling eurusd usdcad priceaction technicalanalysis candlestickanalysis forex
The Pound Sterling this year has been bullish with the decline of the US Dollar. GBPUSD made new highs at 1.37039 and has recently seen selling pressure to 1.35549.

The daily chart shows us that GBPUSD has rejection wicks and making lower highs continuing the bearish momentum. Last week, it found some daily support around 1.35300.

Friday however, closed with a Bearish Pin Bar candlestick suggesting the Pound may still drop further next week

Support levels are 1.34300, 1.33050, and 1.31300
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