The GBPUSD bearish trend extended further to the downside reaching a new 2018 low at 1.2722. We also broke below the major swing low that was established in August 2017. The downside move looks overextended and based on the stochastic indicator we can already see an extreme oversold reading that can signal a bounce to … Continue reading GBPUSD Weekly Forex Forecast – 13th to 17th August 2018