GBP/USD – Currency exchange rate forecast 21.08.2019: under pressure.

GBP/USD - Currency exchange rate forecast 21.08.2019: under pressure.

Short positions below 1.2160 with targets at 1.2105 & 1.2080 in extension.

Pivot: 1.2160

Our preference: short positions below 1.2160 with targets at 1.2105 & 1.2080 in extension.

Alternative scenario: above 1.2160 look for further upside with 1.2180 & 1.2200 as targets.

Comment: the RSI advocates for further decline.

Supports and resistances:

1.2200

1.2180

1.2160

1.2133 Last

1.2105

1.2080

1.2065

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