Daily Pivots: (S1) 1.2042; (P) 1.2131; (R1) 1.2176; More… Intraday bias in GBP/USD remains on the downside and outlook is unchanged. Sustained trading below 1.2075 fibonacci level would carry larger bearish implication. Fall from 1.3141 should then target 1.1801 support next. On the upside, break of 1.2270 resistance is needed to indicate short term bottoming.
GBPUSD Outlook
Daily Pivots: (S1) 1.2042; (P) 1.2131; (R1) 1.2176; More… Intraday bias in GBP/USD is back on the downside with break of 1.2109 support. Sustained trading below 1.2075 fibonacci level would carry larger bearish implication. Fall from 1.3141 should then target 1.1801 support next. On the upside, break of 1.2270 resistance is needed to indicate short
Daily Pivots: (S1) 1.2167; (P) 1.2219; (R1) 1.2258; More… GBP/USD dips notably after rejection by 55 4H EMA, but stays above 1.2109 support. Intraday bias remains neutral for the moment. While stronger recovery cannot be ruled out, near term outlook will stay bearish as long as 1.2420 resistance holds. On the downside, decisive break of
Daily Pivots: (S1) 1.2167; (P) 1.2219; (R1) 1.2258; More… Intraday bias in GBP/USD stays neutral as consolidation from 1.2109 is extending. While stronger rise cannot be ruled out, near term outlook will stay bearish as long as 1.2420 resistance holds. On the downside, decisive break of 1.2075 fibonacci level would carry larger bearish implication and
GBP/USD’s fall continued to as low as 1.2109 last week before recovering mildly. Initial bias stays neutral this week for some more consolidations. While stronger rise cannot be ruled out, near term outlook will stay bearish as long as 1.2420 resistance holds. On the downside, decisive break of 1.2075 fibonacci level would carry larger bearish
Daily Pivots: (S1) 1.2141; (P) 1.2183; (R1) 1.2246; More… Intraday bias in GBP/USD remains neutral at this point. Recovery from 1.2109 could still extend higher. But near term risk will stay on the downside as long as 1.2420 turned resistance holds. Fall from 1.3141 is still in favor to continue. On the downside, decisive break
Daily Pivots: (S1) 1.2141; (P) 1.2183; (R1) 1.2246; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2109 is extending. Stronger recovery cannot be ruled out. But near term risk will stay on the downside as long as 1.2420 turned resistance holds,. On the downside, decisive break of 1.2075 fibonacci level would carry larger