GBPUSD Outlook: 15 Aug - 19 Aug 2016

GBPUSD Outlook: 15 Aug - 19 Aug 2016

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

Tue - 4.30pm, 8.30pm
Wed - 4.30pm, 10.30pm
Thu - 1am, 2am, 4.30pm, 8.30pm
Fri - 4.30pm

Fib Levels
100 - 1.35321
61.8 - 1.32550
50.0 - 1.31695
38.2 - 1.30854
23.6 - 1.29788
0.0 - 1.28092

Weekly
H - 1.30955
L - 1.29074
O - 1.30713
C - 1.29092

Friday
H - 1.30336
L - 1.29074
O - 1.29536
C - 1.29092

We may see this pair diving down to the 1.28 levels early in the week. Any retracements will be limited to the high of the 1.302 levels. Sentiments are still bearish for this pair with many supports at the 1.29 levels.

Resistance - 1.30106, 1.30217, 1.30411, 1.30854, 1.31237

Support - 1.28611, 1.28793, 1.29092, 1.29152, 1.29629, 1.29796, 1.29974