GBP/USD broke out above 1.3140 and it is still quite bullish, next target will likely be at 1.3200.
Good rally on the GBPUSD and the correction continues. The pair may find a good resistance at the 1.3300 level where we have the 55 week EMA and the 200 day EMA. The 1.3000 level is a good support, but below that level, the 1.2800 level may also act as support.
Eurusd/gbpusd
USD/CAD Analysis
GBPUSD pair short
GBPUSD broke out of the resistance level. If bears are able to bring it down below 1.31 we will again enter into the downward trend channel.
Be aware of "trade war"
There are no new developments on Brexit, only US/China trade war. The bullish trend won't give up as long as the pair stay above 1.3055 level.
Sharp move to the upside but I think it's not sufficient to sustain the upside momentum.
My expectations for GBP/USD are up for testing 1.3215/50.
Brexit developments continue to be the main driver of the pair, regardless of the inflation data GBP/Usd seems to start gaining downward traction. Immediate support can be found at 1.3090/95 zone.
GBP/USD: 1.3220 is a good historical resistance from mid-July. If the pair manages to break it, the next level is 1.3300. On the flip side, 1.3050 is the next support level (end of August), followed by 1.2920.
Eur/usd
USD/CAD Analysis
Eurusd/gbpusd
GBPUSD broke the resistance, next level is 1.3360, will be looking to open short there.
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