GBPUSD Daily Forecast Jul 21 2020

Pound - dollar - 689875

GBPUSD: Bullish Eyes On The 1.2685 Levels…

As long as 1.2595 support holds on a daily closing basis, the GBPUSD remains on the upside to 1.2685 levels. A halt is likely, it may test 1.2595 before attempts to break higher. Anyway; above 1.2685 aims the 1.2790 levels, further upside, resistance comes in the 1.2865 levels.

The pair is consolidating above 1.2520 with an upside bias. Any corrective pullback above 1.2520 is a buying opportunity…

On the downside, immediate support comes in the 1.2595 levels, below 1.2595 sees corrective pullback threats to 1.2520 levels. Below 1.2520 will terminate the bullish trend and extend the pullback to 1.2400 levels, further down, support comes in the 1.2290 levels…

In conclusion: The GBPUSD sees upside threats above 1.2520/1.2595 levels…

Support: 1.2595, 1.2520, 1.2400, 1.2290

Resistance: 1.2685, 1.2790, 1.2865, 1.2955

GBPUSD Daily Forecast Jul 21 2020

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