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FX.co ★ GBP/USD update for August 31, 2021 - Potential for the downside rotation

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Forex Analysis:::2021-08-31T11:33:46

GBP/USD update for August 31, 2021 - Potential for the downside rotation

Technical analysis:

GBP/USD update for August 31, 2021 - Potential for the downside rotation

GBP/USD has been trading sideways at the price of 1,3783 but I see potential for the downside rotation towards lower references.

Trading recommendation:

Watch for selling opportunities with the downside target at the price of 1,3735

There is the breakout of the rising trend line and back into the 2-day range.

Key resistance is set at the price of 1,3800

Analyst InstaForex
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