GBPUSD
OUTLOOK
Since the start of this week's trading, the price of the GBPUSD currency pair has been trying to stabilize in the face of the US dollar's strength, but its gains did not exceed the 1.2800 level.
Waiting for what will be answered by policy officials of global central banks during the Jackson Hole symposium
Now , the price trade at the sensitive zone between 1.2603 - 1.2650 and it is strong support zone
so consolidation above that zone will help the price to rise up again and it will stable in the face of the US dollar's strength and our target will be 1.2686 and 1.2783
on the other hand , consolidation the price under that support zone then the price will lose more points to reach 1.2537 and 1.2467
The expect range trading for mid term it will be between support line 1.2603 and resistance line 1.2686
support line : 1.2603 , 1.2537
resistance line : 1.2650 , 1.2686
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