Each day Pivots: (S1) 1.2213; (P) 1.2257; (R1) 1.2284; Extra…
Intraday bias in GBP/USD stays on the draw back for the second. Present fall from 1.3141 is in progress for 1.2075 fibonacci degree. On the upside, above 1.2369 minor resistance will flip intraday bias impartial and convey consolidations. However close to time period outlook will keep bearish so long as 1.2618 assist turned resistance holds, in case of sturdy restoration.
Within the larger image, fall from 1.3141 medium time period high is seen as a correction to up pattern from 1.0351 (2022 low). Deeper decline could be seen to 38.2% retracement of 1.0351 to 1.3141 at 1.2075. Robust assist could be seen there to convey rebound on first try. Nevertheless, sustained break of 1.2075 will elevate the prospect of bearish pattern reversal and goal 1.1801 structural assist subsequent.
