Daily Pivots: (S1) 1.2592; (P) 1.2621; (R1) 1.2666; More… No change in GBP/USD’s outlook and intraday bias stays neutral. On the downside, decisive break of 1.2517/38 support zone will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. On the upside, however, firm break of 1.2682 will suggest
GBPUSD Outlook
Daily Pivots: (S1) 1.2592; (P) 1.2621; (R1) 1.2666; More… Intraday bias in GBP/USD remains neutral for the moment. On the downside, decisive break of 1.2517/38 support zone will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. On the upside, however, firm break of 1.2682 will suggest that
GBP/USD rebounded strongly to 1.2682 last week but retreated since then. Yet, there was no follow through selling. Initial bias is turned neutral this week first. On the downside, decisive break of 1.2517/38 support zone will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. On the upside
Daily Pivots: (S1) 1.2624; (P) 1.2654; (R1) 1.2673; More… Intraday bias in GBP/USD remains mildly on the downside for 1.2517/38 support zone. Decisive break there will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. On the upside, however, firm break of 1.2682 will suggest that fall from
Daily Pivots: (S1) 1.2624; (P) 1.2654; (R1) 1.2673; More… GBP/USD retreated after breaching 1.2667 resistance briefly. Intraday bias is back on the downside with break of 55 4H EMA (now at 1.2628). Retest of 1.2517/38 support zone would be seen next. On the upside, however, firm break of 1.2682 will suggest that fall from 1.2892
Daily Pivots: (S1) 1.2592; (P) 1.2624; (R1) 1.2685; More… Immediate focus is now on 1.2667 resistance. Firm break there will suggest that fall from 1.2892 has completed at 1.2538. Intraday bias will be turned back to the upside for 1.2802 resistance next. On the downside, below 55 4H EMA (now at 1.2628) will bring retest
Daily Pivots: (S1) 1.2592; (P) 1.2624; (R1) 1.2685; More… Intraday bias in GBP/USD stays neutral first, and risk remains on the downside with 1.2667 resistance intact. Below 1.2538 will target 1.2517 structural support. Decisive break there will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. However, firm