Daily Pivots: (S1) 1.2996; (P) 1.3049; (R1) 1.3154; More….

Intraday bias in GBP/USD stays on the upside at this point. Current rally should target 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303 next. On the downside, below 1.2944 minor support will turn intraday bias neutral first. But retreat should be contained well above 1.2669 resistance turned support to bring another rally.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

Daily Pivots: (S1) 1.2932; (P) 1.2973; (R1) 1.3033; More….

GBP/USD’s rally continues today and hits as high as 1.3054 so far. Intraday bias remains on the upside for 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303 next. On the downside, below 1.2944 minor support will turn intraday bias neutral first. But retreat should be contained well above 1.2669 resistance turned support to bring another rally.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

Daily Pivots: (S1) 1.2932; (P) 1.2973; (R1) 1.3033; More….

Intraday bias in GBP/USD remains on the upside with 1.2912 minor support intact. Current rally should target 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303 next. On the downside, below 1.2912 minor support will turn intraday bias neutral first. But retreat should be contained well above 1.2669 resistance turned support to bring another rally.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

Daily Pivots: (S1) 1.2862; (P) 1.2907; (R1) 1.2977; More….

GBP/USD’s rally extends to as high as 1.2986 so far today and intraday bias remains on the upside. Current rise from 1.1409 should target 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303 next. On the downside, below 1.2912 minor support will turn intraday bias neutral first. But retreat should be contained well above 1.2669 resistance turned support to bring another rally.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

Daily Pivots: (S1) 1.2862; (P) 1.2907; (R1) 1.2977; More….

GBP/USD’s rally is still in progress and intraday bias stays on the upside. Current rise from 1.1409 should target 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303 next. On the downside, below 1.2838 minor support will turn intraday bias neutral first. But retreat should be contained well above 1.2669 resistance turned support to bring another rally.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

Daily Pivots: (S1) 1.2806; (P) 1.2854; (R1) 1.2927; More….

Intraday bias in GBP/USD stays on the upside and rise from 1.1409 should target 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303 next. On the downside, below 1.2768 minor support will turn intraday bias neutral first. But retreat should be contained well above 1.2480 support to bring another rally.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

Daily Pivots: (S1) 1.2806; (P) 1.2854; (R1) 1.2927; More….

Intraday bias in GBP/USD remains on the upside at this point. Current rise from 1.1409 should target 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303 next. On the downside, below 1.2768 minor support will turn intraday bias neutral first. But retreat should be contained well above 1.2480 support to bring another rally.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

Daily Pivots: (S1) 1.2741; (P) 1.2772; (R1) 1.2827; More….

Intraday bias in GBP/USD remains on the upside for the moment. Current rise from 1.1409 should target 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303 next. On the downside, below 1.2768 minor support will turn intraday bias neutral first. But retreat should be contained well above 1.2480 support to bring another rally.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

Daily Pivots: (S1) 1.2741; (P) 1.2772; (R1) 1.2827; More….

GBP/USD’s rally continues today and hits as high as 1.2858 so far. Break of 1.2813 resistance suggests resumption of whole rise from 1.1409. Intraday bias remains on the upside for 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303 next. On the downside, below 1.2673 minor support will turn intraday bias neutral first. But retreat should be contained well above 1.2480 support to bring another rally.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

GBP/USD’s rebound from 1.2251 resumed last week and hit as high as 1.2083. Initial bias stays on the upside this week. Decisive break of 1.2813 will resume whole rally from 1.1409. Next target will be 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303. On the downside, below 1.2673 minor support will turn intraday bias neutral first. But further rise will remain in favor as long as 1.2480 support holds.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

In the longer term picture, long term outlook remains clearly bearish, as it’s held well below long term falling trend line that started back at 2116 (2007 high). Prior rejections by 55 month EMA also affirmed bearishness. Further fall is expected as long as 1.3514 resistance holds.

Daily Pivots: (S1) 1.2685; (P) 1.2723; (R1) 1.2772; More….

No change in GBP/USD’s outlook even though upside momentum is diminishing. Further rise is still in favor as long as 1.2480 support holds, to 1.2813. Break there will resume whole rise from 1.1409. Next target will be 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303. However, break of 1.2480 will turn bias back to the downside for 1.2251 support.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

Daily Pivots: (S1) 1.2685; (P) 1.2723; (R1) 1.2772; More….

Upside momentum continues to diminish in GBP/USD as seen in 4 hour MACD. But further rise is still in favor as long as 1.2480 support holds, to 1.2813. Break there will resume whole rise from 1.1409. Next target will be 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303. However, break of 1.2480 will turn bias back to the downside for 1.2251 support.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

Daily Pivots: (S1) 1.2674; (P) 1.2709; (R1) 1.2774; More….

Intraday bias in GBP/USD is turned neutral for consolidation below 1.2767 temporary top. Further rise will remain in favor as long as 1.2480 support holds. On the upside, above 1.2767 will target 1.2813 resistance first. Break there will resume whole rise from 1.1409. Next target will be 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

Daily Pivots: (S1) 1.2674; (P) 1.2709; (R1) 1.2774; More….

GBP/USD is losing some upside momentum but intraday bias stays on the upside for retesting 1.2813 resistance. Break there will resume whole rise from 1.1409. Next target will be 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303. On the downside, break of 1.2480 support is needed to indicate short term topping. Otherwise, further rise will remain in favor in case of retreat.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

Daily Pivots: (S1) 1.2659; (P) 1.2714; (R1) 1.2777; More….

Intraday bias in GBP/USD remain mildly on the upside for retesting 1.2813 resistance. Break there will resume whole rise from 1.1409. Next target will be 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303. On the downside, break of 1.2480 support is needed to indicate short term topping. Otherwise, further rise will remain in favor in case of retreat.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

Daily Pivots: (S1) 1.2659; (P) 1.2714; (R1) 1.2777; More….

GBP/USD’s rise from 1.2251 is still in progress and intraday bias stays on the upside for 1.2813 resistance. Break there will resume whole rise from 1.1409. Next target will be 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303. On the downside, break of 1.2480 support is needed to indicate short term topping. Otherwise, further rise will remain in favor in case of retreat.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

Daily Pivots: (S1) 1.2563; (P) 1.2614; (R1) 1.2710; More….

Intraday bias in GBP/USD remains on the upside at this point. Rise from 1.2251 should target a test on 1.2813 resistance first. Break there will resume whole rise from 1.1409. Next target will be 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303. On the downside, break of 1.2480 support is needed to indicate short term topping. Otherwise, further rise will remain in favor in case of retreat.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

Daily Pivots: (S1) 1.2563; (P) 1.2614; (R1) 1.2710; More….

GBP/USD’s rebound from 1.2251 finally resumes by taking out 1.2669. Intraday bias is back on the upside for 1.2813 resistance. Break there will also resume whole rise from 1.1409. Next target will be 100% projection of 1.1409 to 1.2647 from 1.2065 at 1.3303. On the downside, break of 1.2480 support is needed to indicate short term topping. Otherwise, further rise will remain in favor in case of retreat.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

Daily Pivots: (S1) 1.2528; (P) 1.2552; (R1) 1.2591; More….

GBP/USD rebounds strongly today but stays below 1.2669 temporary top. Intraday bias remains neutral for the moment. On the upside, break of 1.2669 will resume the rebound from 1.2251 to 1.2813 high next. On the downside, though, break of 1.2480 minor support will turn bias to the downside for retesting 1.2251 support.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.

Daily Pivots: (S1) 1.2528; (P) 1.2552; (R1) 1.2591; More….

Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, break of 1.2669 will resume the rebound from 1.2251 to 1.2813 high next. On the downside, though, break of 1.2480 minor support will turn bias to the downside for retesting 1.2251 support.

In the bigger picture, while the rebound from 1.1409 is strong, there is not enough evidence for trend reversal yet. Down trend from 2.1161 (2007 high) should still resume sooner or later. However, decisive break of 1.3514 should at least confirm medium term bottoming and turn outlook bullish for 1.4376 resistance first.