Technical Analysis of GBP/USD for August 09, 2017

This pair currently looks like sideways, yesterday it was break major support level, so that i think for long term it will continue to go on downside, For today we should wait until break daily 1st support 1.2944 level, i hope today it will break this level, otherwise if today it break daily 1st resistance 1.3045 level then there are more chance to go upward for long term.

By observation on technical indicators and moving averages we can see indicators and moving averages provide different signal, so that i think this time is not secure to enter on any side. we should wait more time for getting better entry point for today.

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