21 August GBPUSD Technical Analysis: Pair is supported by bullish MACD


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.

Disclaimer

This article about 21 August GBPUSD Technical Analysis was provided by OctaFX. It should substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

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