Daily Pivots: (S1) 1.2303; (P) 1.2347; (R1) 1.2395; More… Intraday bias in GBP/USD remains on the downside at this point. Current fall from 1.2892 is in progress for 161.8% projection of 1.2892 to 1.2538 from 1.2708 at 1.2207 next. On the upside, above 1.2391 minor resistance will turn intraday bias neutral and bring consolidations first, […]
Daily Pivots: (S1) 1.3039; (P) 1.3071; (R1) 1.3106; More… GBP/USD is still defending 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) for now. On the downside, decisive break of 1.2999/3000 will argue that whole rise from 1.2298 has complete,d and bring deeper fall to 61.8% retracement at 1.2732. Nevertheless, strong bounce from […]
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