The GBPUSD pair is intraday bullish while trading above the 1.2775 level. What is next? Gain insight into this 21 August GBPUSD Technical Analysis.
21 August, OctaFX – The British pound trades above the 1.2800 level against the US dollar on Tuesday, after the greenback weakened following dovish comments from US President Donald Trump.
The GBPUSD pair retains a bullish intraday bias while trading above the 1.2775 level. It is also worth noting that the MACD indicator has now turned bullish across the four-hour time frame, supporting further upside in the GBPUSD pair.
21 August GBPUSD Technical Analysis
- The GBPUSD pair is intraday bullish while trading above the 1.2775 level, key resistance is now found at the 1.2850 and 1.2910 levels.
- If the GBPUSD pair trades below the 1.2775 level, key support is found at the 1.2744 and 1.2722 levels.
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