Daily Pivots: (S1) 1.3227; (P) 1.3256; (R1) 1.3295; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. On the downside, sustained break of 1.3164 medium term fibonacci level will carry larger bearish implication, and target 161.8% projection of 1.4248 to 1.3570 from 1.3833 at 1.2736. Nevertheless, break of 1.3369 minor resistance will turn…
GBPUSD Outlook
Daily Pivots: (S1) 1.3227; (P) 1.3256; (R1) 1.3295; More… Intraday bias in GBP/USD remains neutral at this point. On the downside, sustained break of 1.3164 medium term fibonacci level will carry larger bearish implication, and target 161.8% projection of 1.4248 to 1.3570 from 1.3833 at 1.2736. Nevertheless, break of 1.3369 minor resistance will turn bias…
Daily Pivots: (S1) 1.3191; (P) 1.3250; (R1) 1.3292; More… Intraday bias in GBP/USD remains neutral with focus on 1.3164 medium term fibonacci level. Sustained break there will carry larger bearish implication, and target 161.8% projection of 1.4248 to 1.3570 from 1.3833 at 1.2736. Nevertheless, break of 1.3369 minor resistance will turn bias back to the…
Daily Pivots: (S1) 1.3191; (P) 1.3250; (R1) 1.3292; More… Intraday bias in GBP/USD remains neutral at this point. Focus remains on 1.3164 medium term fibonacci level. Sustained break there will carry larger bearish implication, and target 161.8% projection of 1.4248 to 1.3570 from 1.3833 at 1.2736. Nevertheless, break of 1.3369 minor resistance will turn bias…
GBP/USD’s fall from 1.4248 continued last week and immediate focus is now on 1.3164 medium term fibonacci level. Sustained break there will carry larger bearish implication, and target 161.8% projection of 1.4248 to 1.3570 from 1.3833 at 1.2736. Nevertheless, break of 1.3369 minor resistance will turn bias back to the upside for 1.3512 resistance first.…
Daily Pivots: (S1) 1.3270; (P) 1.3302; (R1) 1.3332; More… Intraday bias in GBP/USD remains neutral for the moment. Further fall could be seen, but we’d look for some support from 1.3164 fibonacci level to bring rebound. On the upside, break of 1.3369 minor resistance will suggest short term bottoming, and turn bias back to the…
Daily Pivots: (S1) 1.3270; (P) 1.3302; (R1) 1.3332; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Further fall could be seen, but we’d look for some support from 1.3164 fibonacci level to bring rebound. On the upside, break of 1.3369 minor resistance will suggest short term bottoming, and turn bias back to…