Daily Pivots: (S1) 1.1052; (P) 1.1143; (R1) 1.1260; More… GBP/USD’s rebound from 1.0351 is in progress and intraday bias stays on the upside, Further rally would be seen to 61.8% retracement of 1.2292 to 1.0351 at 1.1551. On the downside, break of 1.0914 minor support will indicate that the rebound is over, and bring retest
GBPUSD Outlook
Daily Pivots: (S1) 1.1052; (P) 1.1143; (R1) 1.1260; More… Intraday bias in GBP/USD remains on the upside as rebound from 1.0351 is in progress. Further rally would be seen to 61.8% retracement of 1.2292 to 1.0351 at 1.1551. On the downside, break of 1.0760 minor support will indicate that the rebound is over, and bring
GBP/USD rebounded strongly after diving to 1.0351 last week. Initial bias is mildly on the upside this week. Further rally would be seen to 61.8% retracement of 1.2292 to 1.0351 at 1.1551. On the downside, break of 1.0760 minor support will indicate that the rebound is over, and bring retest of 1.0351 low. In the
Daily Pivots: (S1) 1.0881; (P) 1.1000; (R1) 1.1238; More… GBP/USD’s rebound from 1.0351 is still in progress and intraday bias stays mildly on the upside. Further rise could be seen to 61.8% retracement of 1.2292 to 1.0351 at 1.1551. On the downside, break of 1.0760 minor support will indicate that the rebound is over, and
Daily Pivots: (S1) 1.0881; (P) 1.1000; (R1) 1.1238; More… GBP/USD’s rebound from 1.0351 extended higher today and the break of 4 hour 55 EMA (now at 1.1037) is a positive sign. For now, intraday bias is mildly on the upside for further rise to 61.8% retracement of 1.2292 to 1.0351 at 1.1551. On the downside
Daily Pivots: (S1) 1.0648; (P) 1.0782; (R1) 1.1023; More… Intraday bias in GBP/USD stays neutral for the moment, as recovery from 1.0351 is extending. While stronger recovery cannot be ruled out, upside should be limited by 4 hour 55 EMA (now at 1.1017). On the downside, break of 1.0351 will resume larger down trend towards
Daily Pivots: (S1) 1.0648; (P) 1.0782; (R1) 1.1023; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.0351 continues. While stronger recovery cannot be ruled out, upside should be limited by 4 hour 55 EMA (now at 1.1035). On the downside, break of 1.0351 will resume larger down trend towards parity next. In the