Daily Pivots: (S1) 1.2134; (P) 1.2175; (R1) 1.2198; More… GBP/USD’s decline is still in progress and intraday bias stays on the downside. Fall from 1.3141 should target 1.2075 fibonacci level. Decisive break there would carry larger bearish implication and target 1.1801 support next. On the upside, above 1.2232 minor resistance will turn intraday bias neutral
GBPUSD Outlook
Daily Pivots: (S1) 1.2134; (P) 1.2175; (R1) 1.2198; More… Intraday bias in GBP/USD remains on the downside as fall from 1.3141 is extending. Next target is 1.2075 fibonacci level. On the upside, above 1.2306 minor resistance will turn intraday bias neutral and bring consolidations. But near term outlook will stay bearish as long as 1.2618
Daily Pivots: (S1) 1.2184; (P) 1.2221; (R1) 1.2247; More… GBP/USD’s decline is in progress and intraday bias stays on the downside. Fall from 1.3141 should target 1.2075 fibonacci level. On the upside, above 1.2306 minor resistance will turn intraday bias neutral and bring consolidations. But near term outlook will stay bearish as long as 1.2618
Daily Pivots: (S1) 1.2184; (P) 1.2221; (R1) 1.2247; More… Intraday bias in GBP/USD remains on the downside at this point. Fall from 1.3141 is in progress and should target 1.2075 fibonacci level. On the upside, above 1.2306 minor resistance will turn intraday bias neutral and bring consolidations. But near term outlook will stay bearish as
Daily Pivots: (S1) 1.2213; (P) 1.2257; (R1) 1.2284; More… GBP/USD’s decline is still in progress and intraday bias stays on the downside at this point. Current fall from 1.3141 should target 1.2075 fibonacci level. On the upside, above 1.2369 minor resistance will turn intraday bias neutral and bring consolidations. But near term outlook will stay
Daily Pivots: (S1) 1.2213; (P) 1.2257; (R1) 1.2284; More… Intraday bias in GBP/USD remains on the downside for the moment. Current fall from 1.3141 is in progress for 1.2075 fibonacci level. On the upside, above 1.2369 minor resistance will turn intraday bias neutral and bring consolidations. But near term outlook will stay bearish as long
GBP/USD’s decline from 1.3141 accelerated lower last week and there is no sign of bottoming yet. Initial bias stays on the downside for 1.2075 fibonacci level. On the upside, above 1.2369 minor resistance will turn intraday bias neutral and bring consolidations. But near term outlook will stay bearish as long as 1.2618 support turned resistance