Technical Analysis of GBP/USD for August 28, 2017

From H1 chart we can see today it was open with higher gap, but after that it continuously go on downside, but still it standing above of daily pivot level, but i think currently it too risky to determine about market trend, if it again break previous high 1.2935 level then it will continue to go on upward, otherwise there are more chance to go on downside.

By observation on technical indicators and moving averages we can see this pair currently on bullish trend, but its not strongly, if today it break previous high then we will enter for long side, otherwise if it move back and go below of daily pivot level then it will try to break daily 1st support 1.2829 level, so that i think currently we need to wait for monitor this market.

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