Daily Pivots: (S1) 1.2504; (P) 1.2537; (R1) 1.2595; More… Intraday bias in GBP/USD stays mildly on the upside for the moment. Rebound from 1.2298 short term bottom would target 55 D EMA (now at 1.2580). Sustained break there will argue that fall from 1.2892 has completed already, and bring further rise to this resistance. Nevertheless, […]
Daily Pivots: (S1) 1.2967; (P) 1.2988; (R1) 1.3025; More… Intraday bias in GBP/USD is turned neutral first with current retreat. Another rise is expected as long as 1.2910 support holds. Above 1.3009 will resume the rally from 1.2099 to retest 1.3433 high. However, firm break of 1.2910 will indicate short term topping, likely with bearish […]
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