• GBPUSD continues to decline today in the Asian session.
  • The price will break through 1.3680.
At the time of the GBPUSD daily analysis for August 27, 2021 written by the GIC team, the GBPUSD price was at the level of 1.3696. After falling nearly 90 pips overnight, from a high of 1.3768, this currency pair consolidated losses near lower levels. In general, the daily bias of the GBPUSD movement looks to be in a bearish condition and if you pay attention the price is in a rebound phase. If the GBP/USD movement moves upwards and is held around the critical area in the range of 1.37131-1.37240 then wait for the emergence of a valid bearish candlestick pattern by also paying attention to the ADX indicator above the 25 level as there is a potential for the GBPUSD price to move bearishly downward again towards the level of 1.36242. On the other hand, be wary if the GBPUSD price continues to move upwards and break through the 1.37240 level, then there is a potential for the price to reverse by moving bullish upwards towards the next level in the 1.37680 range.

The decline has been anticipated from yesterday

The pound sterling since yesterday remained close to its lowest level in a month, as investors hunted the dollar after the results of last month's Federal Reserve meeting showed an increasing prospect of tapering monetary stimulus this year. And at the same time, concerns over the pace of global growth due to a surge in COVID-19 infections around the world weighed on risky asset trading. The Bank of England's hawkish stance helped limit losses last week as policymakers in the UK raised their inflation forecasts for 2021 and signaled that some modest monetary policy tightening over the central bank's forecast period will likely be needed if the economy continues to improve. Thus the daily analysis of GBPUSD August 27, 2021. You can read other articles that discuss forex and finance only on the Global Investa Capital blog that we all love, the GIC Journal. You can also get the bonuses that GIC has given you by participating in the 100% Deposit Bonus and videos that can train you in forex trading at Trading For Freedom.