Every day Pivots: (S1) 1.2336; (P) 1.2402; (R1) 1.2437; Extra…
GBP/USD’s decline extends additional to as little as 1.2301 up to now immediately. Intraday bias stays on the draw back 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 produce consolidations first, earlier than staging one other fall.
Within the greater image, value 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 robust help ought to emerge from 61.8% retracement of 1.0351 to 1.2452 at 1.1417 to finish the correction.
