GBP/USD Daily Asia Outlook 8th August

GBP / USD - off transaction. Carried by a negative feeling USD. However, gains tempered by the risk aversion of investors has increased.

The daily chart is a small positive MACD and stochastics turned bullish.

Support 1.6332 (hourly chart); breach would expose the downside of bandwidth from 1.6227 to 1.6222 (Friday low on Tuesday, a low level) and 1.6191 (previous cap set for July 14), 1, 6120 (July 21 low), 1.6085 (200-day moving average) and 1.6003 (July 18 reaction low).

Resistance to 1.6510 (high this morning) the violation meta 1.6546 (May 31 reaction high) and 1.6745 (April 28).