Technical Analysis
GBPUSD have big potential to buy around 1.27090. This particular area have big resistance or rejection from the previous level higher time frame, it means lots of buyers took profit and sellers decided to involve in. Based on volume indicator the momentum for buyer is weakening. Target price at 1.27648
Fundamental Analysis
The US economic condition yesterday, August 17, 2023, was mixed. The stock market closed lower, with the Dow Jones Industrial Average falling by 240 points. The housing market also showed signs of weakness, with housing starts declining for the second month in a row. However, the labor market remained strong, with the unemployment rate holding steady at 3.6%.
DISCLAIMER:The information on this analysis is based on research and experience, and it is not guaranteed to be accurate or complete
