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.
GBPUSD Outlook
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
GBP/USD recovered after edging lower to 1.2036 last week. Initial bias remains neutral this week first. 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 fibonacci level
Daily Pivots: (S1) 1.2135; (P) 1.2166; (R1) 1.2223; More… GBP/USD drops notably in early US session but stays above 1.2036 support. Intraday bias remains neutral at this point. Outlook will stay bearish as long as 1.2270 resistance holds. Break of 1.2026 will resume the fall from 1.3141. Sustained trading below 1.2075 fibonacci level would carry
Daily Pivots: (S1) 1.2135; (P) 1.2166; (R1) 1.2223; More… GBP/USD’s consolidation from 1.2036 is still in progress and intraday bias remains neutral. Outlook will stay bearish as long as 1.2270 resistance holds. Break of 1.2026 will resume the fall from 1.3141. Sustained trading below 1.2075 fibonacci level would carry larger bearish implication, and target 1.1801
Daily Pivots: (S1) 1.2056; (P) 1.2116; (R1) 1.2196; More… GBP/USD is staying in consolidation above 1.2036 and intraday bias remains neutral for the moment. Outlook will stay bearish as long as 1.2270 resistance holds. Break of 1.2026 will resume the fall from 1.3141. Sustained trading below 1.2075 fibonacci level would carry larger bearish implication, and