Daily Pivots: (S1) 1.2276; (P) 1.2307; (R1) 1.2344; More Intraday bias in GBP/US remains on the upside as rebound from 1.2306 short term bottom is in progress. Firm break of near term channel resistance (now at 1.2334) will target 38.2% retracement of 1.3141 to 1.2036 at 1.2458 next. Nevertheless, break of 1.2210 minor support will
GBPUSD Outlook
Daily Pivots: (S1) 1.2235; (P) 1.2263; (R1) 1.2314; More Intraday bias in GBP/USD stays on the upside at this point. Rebound from 1.2036 short term bottom is in progress for near term channel resistance (now at 1.2338). Firm break there will target 38.2% retracement of 1.3141 to 1.2036 at 1.2458 next. Nevertheless, break of 1.2161
Daily Pivots: (S1) 1.2235; (P) 1.2263; (R1) 1.2314; More GBP/USD’s break of 1.2270 resistance suggests that a short term bottom was already formed at 1.2036, after hitting 1.2075 fibonacci level. Intraday bias is back on the upside. Firm break of near term channel resistance (now at 1.2347) will target 38.2% retracement of 1.3141 to 1.2036
Daily Pivots: (S1) 1.2185; (P) 1.2215; (R1) 1.2266; More Intraday bias in GBP/USD remains neutral for the moment. On the upside, firm break of 1.2270 resistance will confirm short term bottoming. Intraday bias will be back to the upside for stronger rebound. Nevertheless, rejection by 1.2270 will retain near term bearishness. Decisive break of 1.2075
Daily Pivots: (S1) 1.2185; (P) 1.2215; (R1) 1.2266; More No change in GBP/USD’s outlook as consolidation form 1.2036 is still in progress. On the upside, firm break of 1.2270 resistance will confirm short term bottoming. Intraday bias will be back to the upside for stronger rebound. Nevertheless, rejection by 1.2270 will retain near term bearishness.
Daily Pivots: (S1) 1.2143; (P) 1.2202; (R1) 1.2298; More Intraday bias in GBP/USD remains neutral as consolidation from 1.2036 is still extending. On the upside, firm break of 1.2270 resistance will confirm short term bottoming. Intraday bias will be back to the upside for stronger rebound. Nevertheless, rejection by 1.2270 will retain near term bearishness.
Daily Pivots: (S1) 1.2143; (P) 1.2202; (R1) 1.2298; More GBP/USD dips mildly today but stays well inside range of 1.2036/2270. Intraday bias remains neutrla at this point. On the upside, firm break of 1.2270 resistance will confirm short term bottoming. Intraday bias will be back to the upside for stronger rebound. Nevertheless, rejection by 1.2270