Every day Pivots: (S1) 1.2660; (P) 1.2700; (R1) 1.2733; Extra…
Quick focus is now on 1.2618 help in GBP/USD with at the moment’s fall. Agency break of 1.2618, and sustained buying and selling under 1.2678 resistance turned help will argue that it’s already in a bigger correction. Deeper decline would then be seen to 1.2306 help subsequent. However, break of 1.2817 minor resistance will point out that the pull again has accomplished, and switch bias again to the upside for stronger rebound.
Within the greater image, a medium time period high could possibly be in place at 1.3141 already, on bearish divergence situation in D MACD. Sustained buying and selling under 55 D EMA (now at 1.2725) ought to verify this case, and convey deeper fall to 38.2% retracement of 1.0351 to 1.3141 at 1.2075, as a correction to up pattern from 1.0351 (2022 low). For now, rise will keep mildly on the draw back so long as 1.3141 resistance holds, in case of robust rebound.
