Daily Pivots: (S1) 1.3120; (P) 1.3143; (R1) 1.3183; More….

With 4 hour MACD crossed below signal line, a temporary top is in place at 1.3166. Intraday bias in GBP/USD is turned neutral for consolidation. Downside of retreat should be contained well above 1.2827 support to bring rally resumption. On the upside, break of 1.3166 will resume the rise from 1.1958 to 1.3381 resistance next.

In the bigger picture, rise from 1.1958 medium term bottom is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

Daily Pivots: (S1) 1.3120; (P) 1.3143; (R1) 1.3183; More….

With 1.3063 minor support intact, intraday bias in GBP/USD remains on the upside. Current rally from 1.1958 should target 1.3381 resistance next. On the downside, below 1.3063 minor support will turn intraday bias neutral and bring consolidation. But downside of retreat should be contained above 1.2827 support to bring another rise.

In the bigger picture, rise from 1.1958 medium term bottom is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

Daily Pivots: (S1) 1.3018; (P) 1.3069; (R1) 1.3155; More….

Intraday bias in GBP/USD remains on the upside at this point. Current rise should target 1.3381 resistance next. On the downside, below 1.3063 minor support will turn intraday bias neutral and bring consolidation. But downside of retreat should be contained above 1.2827 support to bring another rally.

In the bigger picture, rise from 1.1958 medium term bottom is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

Daily Pivots: (S1) 1.3018; (P) 1.3069; (R1) 1.3155; More….

GBP/USD’s rally is still in progress and reaches as high as 1.3143 so far. Intraday bias remains on the upside for 1.3381 resistance next. On the downside, below 1.3063 minor support will turn intraday bias neutral and bring consolidation. But downside of retreat should be contained above 1.2827 support to bring another rally.

In the bigger picture, rise from 1.1958 medium term bottom is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

Daily Pivots: (S1) 1.2948; (P) 1.2980; (R1) 1.3028; More….

GBP/USD’s rally accelerates to as high as 1.3109 so far and intraday bias remains on the upside. Rally from 1.1958 has just resumed today and should target 1.3381 resistance next. On the downside, below 1.2982 minor support will turn intraday bias neutral first. But near term outlook will remain bullish as long as 1.2827 support holds, in case of retreat.

In the bigger picture, rise from 1.1958 medium term bottom is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

Daily Pivots: (S1) 1.2948; (P) 1.2980; (R1) 1.3028; More….

GBP/USD surges to as high as 1.3044 so far and break of 1.3012 resistance indicates resumption of whole rise from 1.1958. Intraday bias is back on the upside. Current rise should target 1.3381 resistance next. For now, near term outlook will remain bullish as long as 1.2827 support holds, in case of retreat.

In the bigger picture, rise from 1.1958 medium term bottom is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

Daily Pivots: (S1) 1.2909; (P) 1.2929; (R1) 1.2962; More….

Focus is immediately on 1.3012 resistance in GBP/USD with today’s strong rise. Decisive break there will confirm resumption of whole rise from 1.1958. Further rise should be seen to 1.3381 resistance next. For now, near term outlook will remain bullish as long as 1.2827 support holds, in case of retreat.

In the bigger picture, rise from 1.1958 medium term bottom is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

Daily Pivots: (S1) 1.2909; (P) 1.2929; (R1) 1.2962; More….

Intraday bias in GBP/USD remains neutral as consolidation from 1.3012 might still extend. In case of another fall, downside should be contained by 1.2768 support. On the upside, break of 1.3012 will resume whole rally from 1.1958. Next target is 1.3381 resistance. . However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, rise from 1.1958 medium term bottom is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

Daily Pivots: (S1) 1.2893; (P) 1.2917; (R1) 1.2956; More….

GBP/USD is staying in consolidation from 1.3012 and intraday bias remains neutral. More sideway trading could be seen first. But downside should be contained by 1.2768 support. On the upside, break of 1.3012 will resume whole rally from 1.1958. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, rise from 1.1958 medium term bottom is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

Daily Pivots: (S1) 1.2893; (P) 1.2917; (R1) 1.2956; More….

Intraday bias in GBP/USD remains neutral as consolidation from 1.3012 is extending. More sideway trading could be seen first. But downside should be contained by 1.2768 support. On the upside, break of 1.3012 will resume whole rally from 1.1958. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, rise from 1.1958 medium term bottom is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

GBP/USD stayed in consolidation from 1.3012 last week and outlook is unchanged. Initial bias remains neutral this week first. Downside of retreat should be contained by 1.2768 support. On the upside, break of 1.3012 will resume whole rally from 1.1958. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, rise from 1.1958 medium term bottom is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

In the longer term picture, at this point, price actions from 1.1946 are seen developing into a corrective pattern. That is, down trend from 2.1161 (2007 high) is still expected to resume later. But sustained break of 1.4376 resistance will now be a strong signal of long term bullish reversal.

Daily Pivots: (S1) 1.2889; (P) 1.2920; (R1) 1.2941; More….

Intraday bias in GBP/USD stays neutral as sideway consolidation from 1.3012 is extending. Further rally is expected as long as 1.2768 support holds. Break of 1.3012 will resume whole rally from 1.1958. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

Daily Pivots: (S1) 1.2889; (P) 1.2920; (R1) 1.2941; More….

GBP/USD is staying in consolidation from 1.3012 and intraday bias remains neutral. Further rally is expected as long as 1.2768 support holds. Break of 1.3012 will resume whole rally from 1.1958. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

Daily Pivots: (S1) 1.2848; (P) 1.2883; (R1) 1.2938; More….

Intraday bias in GBP/USD remains neutral as consolidation from 1.3012 might extend. Further rally is expected as long as 1.2768 support holds. Break of 1.3012 will resume whole rally from 1.1958. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

Daily Pivots: (S1) 1.2832; (P) 1.2868; (R1) 1.2902; More….

GBP/USD is staying in consolidation from 1.3012 and Intraday bias remains neutral first. Downside attempt should be contained by 1.2768 support to bring rebound. On the upside, break of 1.3012 will resume whole rally from 1.1958. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

Daily Pivots: (S1) 1.2832; (P) 1.2868; (R1) 1.2902; More….

Intraday bias in GBP/USD remains neutral and consolidation from 1.3012 is extending. Downside attempt should be contained by 1.2768 support to bring rebound. On the upside, break of 1.3012 will resume whole rally from 1.1958. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

Daily Pivots: (S1) 1.2856; (P) 1.2884; (R1) 1.2927; More….

GBP/USD is staying in consolidation from 1.3012 and intraday bias remains neutral first. For now, downside attempt should be contained by 1.2768 support. On the upside, break of 1.3012 will resume whole rally from 1.1958. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

Daily Pivots: (S1) 1.2856; (P) 1.2884; (R1) 1.2927; More….

Intraday bias in GBP/USD remains neutral for the moment. Consolidation from 1.3012 is in progress and could extend further. For now, downside attempt should be contained by 1.2768 support. On the upside, break of 1.3012 will resume whole rally from 1.1958. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

Daily Pivots: (S1) 1.2794; (P) 1.2861; (R1) 1.2898; More….

GBP/USD is staying in consolidation from 1.3012 and intraday bias remains neutral first. For now, downside attempt should be contained by 1.2768 support. On the upside, break of 1.3012 will resume whole rally from 1.1958. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

Daily Pivots: (S1) 1.2794; (P) 1.2861; (R1) 1.2898; More….

Intraday bias in GBP/USD remains neutral for the moment. Consolidation from 1.3012 could extend further with deeper decline. On the upside, break of 1.3012 will resume whole rally from 1.1958. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.