Each day Pivots: (S1) 1.2303; (P) 1.2347; (R1) 1.2395; Extra…
Intraday bias in GBP/USD stays on the draw back at this level. Present fall from 1.2892 is in progress for 161.8% projection of 1.2892 to 1.2538 from 1.2708 at 1.2207 subsequent. On the upside, above 1.2391 minor resistance will flip intraday bias impartial and convey consolidations first, earlier than staging one other fall.
Within the larger image, worth actions from 1.3141 medium time period prime are seen as a corrective sample to up development from 1.0351 (2022 low). Fall from 1.2892 is seen because the third leg. Deeper decline can be seen to 1.2036 help and presumably beneath. However sturdy help ought to emerge from 61.8% retracement of 1.0351 to 1.2452 at 1.1417 to finish the correction.
