GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 0.6723; (P) 0.6732; (R1) 0.6751; More… Intraday bias in AUD/USD remains neutral at this point. On the downside, below 0.6685 will extend the decline from 0.6823 short term top to 38.2% retracement of 0.6348 to 0.6823 at 0.6642. Break will target 61.8% retracement at 0.6529. On the upside, though, above 0.6750 support […]

Daily Pivots: (S1) 0.8529; (P) 0.8548; (R1) 0.8564; More…. EUR/GBP’s break of 0.8567 suggests that corrective pullback from 0.8624 has completed at 0.8530, after hitting 38.2% retracement of 0.8382 to 0.8624 at 0.8532. Intraday bias is back on the upside for retesting 0.8624 first. Break there will resume the rally from 0.8382. However, decisive break […]

Daily Pivots: (S1) 1.0495; (P) 1.0531; (R1) 1.0565; More… Intraday bias in EUR/USD remains neutral for the moment. On the downside, break of 1.0471 support will suggest that corrective recovery from 1.0330 has completed, and fall from 1.1213 is ready to resume. Intraday bias will be back on the downside for 1.0330 first, and then […]