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GBP/USD Medium Term Forecast:
Weekly Chart:
Gbp/Usd remains in corrective downtrend. After seven weeks continuous weakness in Sterling August 3rd week breach the support level of 1.6715. Further Decline would likely to be seen on sterling, Next target would be at 1.6490 level.
For August last week 1.6490 level act as initial support. For the month of September Sterling strength would be expected.
Daily Chart:
Daily chart RSI shows oversold so we can expect Sterling strength on Coming weeks.…
Weekly Chart:
Gbp/Usd remains in corrective downtrend. After seven weeks continuous weakness in Sterling August 3rd week breach the support level of 1.6715. Further Decline would likely to be seen on sterling, Next target would be at 1.6490 level.
For August last week 1.6490 level act as initial support. For the month of September Sterling strength would be expected.
Daily Chart:
Daily chart RSI shows oversold so we can expect Sterling strength on Coming weeks.…