Daily Pivots: (S1) 1.2567; (P) 1.2594; (R1) 1.2636; More… Intraday bias in GBP/USD remains on the upside at this point. Current rise from 1.2154 would target 55 day EMA (now at 1.2756). Sustained break there will target 1.2999 support turned resistance next. On the downside, though, break of 1.2480 minor support will turn bias back…
GBPUSD Outlook
Daily Pivots: (S1) 1.2567; (P) 1.2594; (R1) 1.2636; More.. GBP/USD’s rebound from 1.2154 extended with break of 1.2637 resistance. Intraday bias is now on the upside and further rally would be seen to 55 day EMA (now at 1.2756). Sustained break there will target 1.2999 support turned resistance next. On the downside, though, break of…
Daily Pivots: (S1) 1.2510; (P) 1.2551; (R1) 1.2620; More.. Intraday bias in GBP/USD remains neutral for the moment. On the upside, firm break of 1.2637 resistance will bring stronger rebound to 55 day EMA (now at 1.2759). On the downside, below 1.2329 minor support will retain near term bearishness and bring retest of 1.2154 first.…
Daily Pivots: (S1) 1.2510; (P) 1.2551; (R1) 1.2620; More.. GBP/USD’s recovery from 1.2154 extends higher but stays below 1.2637 resistance. Intraday bias remains neutral for the moment. On the upside, firm break of 1.2637 resistance will bring stronger rebound to 55 day EMA (now at 1.2759). On the downside, below 1.2329 minor support will retain…
Daily Pivots: (S1) 1.2472; (P) 1.2535; (R1) 1.2599; More.. Intraday bias in GBP/USD stays neutral and outlook is unchanged. On the upside, firm break of 1.2637 resistance will bring stronger rebound to 55 day EMA (now at 1.2765). On the downside, below 1.2329 minor support will retain near term bearishness and bring retest of 1.2154…
Daily Pivots: (S1) 1.2472; (P) 1.2535; (R1) 1.2599; More.. Intraday bias in GBP/USD remains neutral for the moment. On the upside, firm break of 1.2637 resistance will bring stronger rebound to 55 day EMA (now at 1.2765). On the downside, below 1.2329 minor support will retain near term bearishness and bring retest of 1.2154 first.…
Daily Pivots: (S1) 1.2509; (P) 1.2555; (R1) 1.2633; More.. GBP/USD is staying in range of 1.2329/2637 and intraday bias remains neutral at this point. Considering bullish convergence condition in 4 hour MACD, break of 1.2637 will confirm short term bottoming at 1.2154. Intraday bias will be turned back to the upside for 55 day EMA…