Daily Pivots: (S1) 1.2567; (P) 1.2663; (R1) 1.2716; More… Intraday bias in GBP/USD stays neutral for the moment, as 1.2611 support remains intact. On break of 1.2826 will resume whole rally from 1.2036. However, break of 1.2611 will indicate short term topping, and turn bias back to the downside for 1.2499 support. In the bigger
GBPUSD Outlook
Daily Pivots: (S1) 1.2698; (P) 1.2735; (R1) 1.2770; More… While GBP/USD’s pull back from 1.2826 extends lower today, it’s staying above 1.2611 support so far. Intraday bias remains neutral first. On the upside, break of 1.2826 will resume whole rally from 1.2036. However, break of 1.2611 will indicate short term topping, and turn bias back
Daily Pivots: (S1) 1.2698; (P) 1.2735; (R1) 1.2770; More… GBP/USD is staying in consolidation from 1.2826 and intraday bias stays neutral at this point. With 1.2611 support intact, further rally is in favor. On the upside, break of 1.2826 will resume larger rise from 1.2036 to 61.8% projection of 1.2068 to 1.2731 from 1.2499 at
Daily Pivots: (S1) 1.2687; (P) 1.2757; (R1) 1.2802; More… Intraday bias in GBP/USD remains neutral for the moment. Further rise is in favor as long as 1.2611 support holds. Above 1.2826 will resume larger rise from 1.2036 to 61.8% projection of 1.2068 to 1.2731 from 1.2499 at 1.2909. Nevertheless, break of 1.2611 will indicate short
Daily Pivots: (S1) 1.2731; (P) 1.2767; (R1) 1.2835; More… Intraday bias in GBP/USD is turned neutral again with current retreat. For now, further rise is in favor as long as 1.2611 support holds. Above 1.2826 will resume larger rise from 1.2036 to 61.8% projection of 1.2068 to 1.2731 from 1.2499 at 1.2909. Nevertheless, break of
Daily Pivots: (S1) 1.2731; (P) 1.2767; (R1) 1.2835; More… GBP/USD’s rally from 1.2036 resumed by breaking through 1.2793 resistance. Intraday bias is back on the upside. Next target is 61.8% projection of 1.2068 to 1.2731 from 1.2499 at 1.2909. On the downside, below 1.2698 minor support will turn intraday bias neutral again. But further rally
Daily Pivots: (S1) 1.2697; (P) 1.2714; (R1) 1.2742; More… GBP/USD is still bounded in consolidation below 1.2793 and intraday bias stays neutral. As long as 1.2499 support holds, near term outlook will stay bullish and further rally is expected. On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is