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GBPUSD Weekly Technical Outlook (17-21 August, 2015) | August 15, 2015



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Gbpusd is still on ranging zone below the resistance area. 1.5650-.15680 level is still a strong resistance for this pair. Traders can find sell setup below this resistance area.


Sellers are trying to take control on this pair. We can expect big fall on next week. If we find any bearish confirmation from lower time frame, then we should go for sell on this pair.


On the other hand, if it can break resistance level, then this pair can go higher again. For buy we need to wait for successful breakout


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