GBPUSD Daily Forecast Jul 31 2020

Pound dollar 659856565

GBPUSD: Bullish Eyes The 1.3190 Levels…

The GBPUSD remains on the upside as long as 1.3080 -broken resistance turned support- holds on a daily closing basis. Resistance comes at 1.3190 Levels. A halt is likely. It may turn lower from here. Anyway; Above 1.33190 aims the 1.3333 levels, further upside, resistance stands at 1.3550 levels.

On the downside, support comes at 1.3080 levels. Below 1.3080 sees pullback threats to 1.2920 levels where another rising is very likely. Below 1.2920 should weaken the bullish trend and turn the focus to 1.2780 levels.

In conclusion: The GBPUSD sees upside threats above 1.3080 levels…

Support: 1.2920, 1.3080,1.2780, 1.2665, 1.2515

Resistance: 1.3190, 1.3333, 1.3500, 1.3600, 1.3750

GBPUSD Daily Forecast Jul 31 2020