GBPUSD Daily Forecast: September 04

GBPUSD Forecast

The GBPUSD was indecisive yesterday but overall still able to maintain its bullish bias. The bias remains bullish in nearest term testing 1.5900 before testing 1.6000. We have CCI/MACD bearish divergence on hourly chart so watch out for potential downside pullback testing 1.5850/25 support area. A clear break below that area could lead price to neutral zone in nearest term but as long as stays above 1.5780 my overall intraday bias remains to the upside as a part of the bullish scenario after break above the range area.

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