GBPUSD Daily Forecast Jul 29 2020

Pound dollar 9868556 9

GBPUSD: Bullish, Eyes Further Upside…

The GBPUSD remains on the upside as long as 1.2920 support holds on a daily closing basis. Resistance comes at 1.3080 Levels. A halt is likely. It may turn lower from here. Anyway; Above 1.3080 aims the 1.3190 levels, further upside, resistance stands at 1.3333 levels.

On the downside, below 1.2920 will suggest limited pullback to 1.2780/1.2665 levels where another rising is very likely…

In conclusion: The GBPUSD remains very bullish above 1.2920 levels…

Support:1.2780, 1.2665, 1.2515, 1.2400, 1.2290

Resistance: 1.2920, 1.3080, 1.3190, 1.3333, 1.3500

GBPUSD Daily Forecast Jul 29 2020

Key data/events which may affect GBPUSD today:

  • Fed Interest Rate Decision at 18:00 GMT.
  • FOMC Press Conference at 18:30 GMT.

MARKET DATA

UPCOMING ECONOMIC EVENTS