GBPUSD Wave Analysis – 12 August 2026

GBPUSD: ⬇️ Sell

– GBPUSD reversed from resistance level 1.3555

– Likely to fall to support level 1.3450

GBPUSD currency pair recently reversed down sharply from the key resistance level 1.3555 (which stopped the previous sharp impulse wave 1 in the middle of July) intersecting with the upper daily Bollinger Band.

The downward reversal from the resistance level 1.3555 is likely to form the daily Japanese candlesticks reversal pattern daily Shooting Star.

GBPUSD currency pair can be expected to fall to the next support level 1.3450, low of the previous correction ii.