GBPUSD Outlook: 22 Aug - 26 Aug 2016

High Impact (in red) expected on the following days (GMT +8)

Tue - 10pm
Wed - 10.30pm
Thu - 8.30pm
Fri - 4.30pm, 8.30pm

Fib Levels 100 - 1.35321
61.8 - 1.32540
50.0 - 1.31686
38.2 - 1.30831
23.6 - 1.29762
0.0 - 1.28095

Weekly
H - 1.31845
L - 1.28650
O - 1.29170
C - 1.30793

Friday
H - 1.31845
L - 1.30222
O - 1.31636
C - 1.30793

Resistance: 1.30513, 1.30831, 1.31131, 1.31686, 1.32006, 1.3254

Support: 1.30018, 1.29762, 1.29399, 1.29003, 1.28688

Fundamentally, the dollar is weak which is a bit of a tussle for this pair as technically, the pound is weak. Will be watching the Fibs level very closely. Expect the week range to be at 1.297 - 1.31686. 

Trade ideas: If breaks below 1.3, watch for the 1.297 levels. If able to break further, buy at 1.294 levels.

Selling opportunities could be at the 1.3254 levels if we get there. If not watch for 1.32 and 1.3168.