Daily Pivots: (S1) 1.3320; (P) 1.3386; (R1) 1.3422; More…

GBP/USD’s fall from 1.3787 resumed by breaking through 1.3363 today. Current development suggests that it’s already correcting whole rally from 1.2099. Intraday bias is now on the downside for 100% projection of 1.3787 to 1.3363 from 1.3587 at 1.3163. For now, risk will stay on the downside as long as 1.3587 resistance holds, in case of recovery.

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3045) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3395; (P) 1.3458; (R1) 1.3500; More…

GBP/USD is holding above 1.3363 support and intraday bias stays neutral. On the upside, break of 1.3587 will target a retest on 1.3787 high. However, sustained break of 1.3363 support will argue that it’s already correcting the whole rally from 1.2099, and target 1.3206 resistance turned support.

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3045) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3395; (P) 1.3458; (R1) 1.3500; More…

Intraday bias in GBP/USD stays neutral for the moment. On the upside, break of 1.3587 will target a retest on 1.3787 high. However, sustained break of 1.3363 support will argue that it’s already correcting the whole rally from 1.2099, and target 1.3206 resistance turned support.

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3045) holds, even in case of deep pullback.

GBP/USD rebounded to 1.3587 last week but reversed from there. Downside is held above 1.3363 support so far. Initial bias stays neutral this week first. On the upside, break of 1.3587 will target a retest on 1.3787 high. However, sustained break of 1.3363 will argue that it’s already correcting the whole rally from 1.2099, and target 1.3206 resistance turned support.

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3032) holds, even in case of deep pullback.

In the long term picture, for now, price actions from 1.0351 (2022 low) are still seen as a corrective pattern to the long term down trend from 2.1161 (2007 high) only. However, firm break of 1.4248 resistance (38.2% retracement of 2.1161 to 1.0351 at 1.4480) will be a strong sign of long term bullish reversal.

Daily Pivots: (S1) 1.3476; (P) 1.3533; (R1) 1.3562; More…

Intraday bias in GBP/USD remains neutral at this point. Further rise is expected as long as 1.3363 support holds. Above 1.3587 will turn bias back to the upside for retesting 1.3787 first. However, sustained break of 1.3363 will argue that it’s already correcting the whole rally from 1.2099, and target 1.3206 resistance turned support.

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3017) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3476; (P) 1.3533; (R1) 1.3562; More…

Intraday bias in GBP/USD stays neutral for the moment, and some consolidations would be seen. Further rise is expected as long as 1.3363 support holds. Above 1.3587 will turn bias back to the upside for retesting 1.3787 first. However, sustained break of 1.3363 will argue that it’s already correcting the whole rally from 1.2099, and target 1.3206 resistance turned support.

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3017) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3535; (P) 1.3560; (R1) 1.3604; More…

Intraday bias in GBP/USD is turned neutral first with current retreat. Some consolidations could be seen but risk will stay on the upside as long as 1.3363 support holds. On the upside, above 1.3587 will target a retest on 1.3787 high first. Firm break there will resume whole rally from 1.2099 to 1.4004 fibonacci level.

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3017) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3535; (P) 1.3560; (R1) 1.3604; More…

GBP/USD’s break of 1.3561 support turned resistance suggests that correction from 1.3787 has completed at 1.3363 already. Intraday bias is back on the upside for retesting 1.3787. Firm break there will resume whole rally from 1.2099 to 1.4004 fibonacci level. For now, risk will stay on the upside as long as 1.3363 support holds, in case of retreat.

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3017) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3486; (P) 1.3510; (R1) 1.3558; More…

Intraday bias in GBP/USD remains neutral and outlook is unchanged. On the upside, firm break of 1.3561 support turned resistance will argue that correction from 1.3787 has already completed after hitting 1.3369 support. Intraday bias will be back on the upside for retesting 1.3787. Nevertheless, firm break of 1.3363/9 will bring deeper correction to 1.3138 cluster support (38.2% retracement of 1.2099 to 1.3787 at 1.3142).

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3017) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3486; (P) 1.3510; (R1) 1.3558; More…

Intraday bias in GBP/USD remains neutral at this point. On the upside, firm break of 1.3561 support turned resistance will argue that correction from 1.3787 has already completed after hitting 1.3369 support. Intraday bias will be back on the upside for retesting 1.3787. Nevertheless, firm break of 1.3363/9 will bring deeper correction to 1.3138 cluster support (38.2% retracement of 1.2099 to 1.3787 at 1.3142).

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3017) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3426; (P) 1.3468; (R1) 1.3535; More…

No change in GBP/USD’s outlook and intraday bias stays neutral. On the upside, firm break of 1.3561 support turned resistance will argue that correction from 1.3787 has already completed after hitting 1.3369 support. Intraday bias will be back on the upside for retesting 1.3787. Nevertheless, firm break of 1.3363/9 will bring deeper correction to 1.3138 cluster support (38.2% retracement of 1.2099 to 1.3787 at 1.3142).

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3017) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3426; (P) 1.3468; (R1) 1.3535; More…

Intraday bias in GBP/USD remains neutral and outlook is unchanged. On the upside, firm break of 1.3561 support turned resistance will argue that correction from 1.3787 has already completed after hitting 1.3369 support. Intraday bias will be back on the upside for retesting 1.3787. Nevertheless, firm break of 1.3363/9 will bring deeper correction to 1.3138 cluster support (38.2% retracement of 1.2099 to 1.3787 at 1.3142).

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3017) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3383; (P) 1.3429; (R1) 1.3455; More…

Intraday bias in GBP/USD stays neutral for the moment. On the downside, firm break of 1.3363/9 will suggest that fall from 1.3787 short term top is already correcting the rise from 1.2099. Deeper decline should then be seen to 1.3138 cluster support (38.2% retracement of 1.2099 to 1.3787 at 1.3142). However, strong rebound from current level will retain near term bullishness. Break of 1.3561 support turned resistance will bring retest of 1.3787 high.

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3017) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3383; (P) 1.3429; (R1) 1.3455; More…

Intraday bias in GBP/USD stays neutral at this point. On the downside, firm break of 1.3363/9 will suggest that fall from 1.3787 short term top is already correcting the rise from 1.2099. Deeper decline should then be seen to 1.3138 cluster support (38.2% retracement of 1.2099 to 1.3787 at 1.3142). However, strong rebound from current level will retain near term bullishness. Break of 1.3561 support turned resistance will bring retest of 1.3787 high.

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3017) holds, even in case of deep pullback.

GBP/USD dipped to 1.3363 last week but recovered after drawing support from 1.3369. Initial bias remains neutral this week first. On the downside, firm break of 1.3363.9 will suggest that fall from 1.3787 short term top is already correcting the rise from 1.2099. Deeper fall should then be seen to 1.3138 cluster support (38.2% retracement of 1.2099 to 1.3787 at 1.3142). However, strong rebound from current level will retain near term bullishness. Break of 1.3561 support turned resistance will bring retest of 1.3787 high.

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3003) holds, even in case of deep pullback.

In the long term picture, for now, price actions from 1.0351 (2022 low) are still seen as a corrective pattern to the long term down trend from 2.1161 (2007 high) only. However, firm break of 1.4248 resistance (38.2% retracement of 2.1161 to 1.0351 at 1.4480) will be a strong sign of long term bullish reversal.

Daily Pivots: (S1) 1.3379; (P) 1.3411; (R1) 1.3447; More…

Intraday bias in GBP/USD stays neutral at this point. Focus stays on on 1.3369 support. Decisive break there will suggests that fall from 1.3787 is already correcting the rise from 1.2099. Deeper fall should then be seen to 1.3138 cluster support (38.2% retracement of 1.2099 to 1.3787 at 1.3142). Nevertheless, strong rebound from current level will retain near term bullishness. Break of 1.3561 support turned resistance will bring retest of 1.3787 high first.

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3019) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3379; (P) 1.3411; (R1) 1.3447; More…

Intraday bias in GBP/USD remains neutral for the momentum. Focus stays on on 1.3369 support. Decisive break there will suggests that fall from 1.3787 is already correcting the rise from 1.2099. Deeper fall should then be seen to 1.3138 cluster support (38.2% retracement of 1.2099 to 1.3787 at 1.3142). Nevertheless, strong rebound from current level will retain near term bullishness. Break of 1.3561 support turned resistance will bring retest of 1.3787 high first.

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3019) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3361; (P) 1.3424; (R1) 1.3482; More…

Intraday bias in GBP/USD remains neutral and focus stays on on 1.3369 support. Decisive break there will suggests that it’s already correcting the rise from 1.2099. Deeper fall should then be seen to 1.3138 cluster support (38.2% retracement of 1.2099 to 1.3787 at 1.3142). Nevertheless, strong rebound from current level will retain near term bullishness. Break of 1.3561 support turned resistance will bring retest of 1.3787 high first.

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3019) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3361; (P) 1.3424; (R1) 1.3482; More…

Intraday bias in GBP/USD remains neutral with focus on 1.3369 support. Decisive break there will suggests that it’s already correcting the rise from 1.2099. Deeper fall should then be seen to 1.3138 cluster support (38.2% retracement of 1.2099 to 1.3787 at 1.3142). Nevertheless, strong rebound from current level will retain near term bullishness. Break of 1.3561 support turned resistance will bring retest of 1.3787 high first.

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3019) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3353; (P) 1.3410; (R1) 1.3442; More…

Immediate focus is now on 1.3369 as GBP/USD fall from 1.3787 extends. Decisive break there will suggests that deeper correction is underway. Intraday bias will be back on the downside for 1.3138 cluster support (38.2% retracement of 1.2099 to 1.3787 at 1.3142). On the upside though, break of 1.3561 support turned resistance will bring retest of 1.3787 high first.

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.3019) holds, even in case of deep pullback.