Daily Pivots: (S1) 1.3547; (P) 1.3651; (R1) 1.3738; More…

GBP/USD is extending consolidations below 1.3787 and intraday bias remains neutral. Deeper retreat cannot be ruled out, but downside should be contained above 1.3369 support to bring another rally. Firm break of 1.3787 will resume larger rise to 1.4004 projection level next.

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 1.2983) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3547; (P) 1.3651; (R1) 1.3738; More…

Intraday bias in GBP/USD remains neutral and more consolidations would be seen below 1.3787. Deeper retreat cannot be ruled out, but downside should be contained above 1.3369 support to bring another rally. Firm break of 1.3787 will resume larger rise to 1.4004 projection level next.

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 1.2983) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3704; (P) 1.3746; (R1) 1.3789; More…

A temporary top is formed at 1.3787 in GBP/USD with break of 1.3673 minor support. Intraday bias is turned neutral for consolidations. But downside should be contained above 1.3369 support to bring another rally. Firm break of 1.3787 will resume larger rise to 1.4004 projection level next.

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 1.2983) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3704; (P) 1.3746; (R1) 1.3789; More…

Intraday bias in GBP/USD stays mildly on the upside for 100% projection of 1.2099 to 1.3206 from 1.3138 at 1.3813. Firm break there will target 1.4004 projection level next. On the downside, below 1.3673 will turn intraday bias neutral again. But retreat should be contained above 1.3369 support to bring another rally.

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 1.2960) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3693; (P) 1.3717; (R1) 1.3760; More…

Intraday bias in GBP/USD is back on the upside with breach of 1.3770 temporary top. Firm break of 100% projection of 1.2099 to 1.3206 from 1.3138 at 1.3813 will target 1.4004 projection level next. On the downside, below 1.3673 will turn intraday bias neutral again. But retreat should be contained above 1.3369 support to bring another rally.

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 1.2960) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3693; (P) 1.3717; (R1) 1.3760; More…

Intraday bias in GBP/USD remains neutral and more consolidations could be seen below 1.3770 temporary top. Downside of retreat should be contained above 1.3369 support to bring another rally. Above 1.3770 will target 100% projection of 1.2099 to 1.3206 from 1.3138 at 1.3813.

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 1.2960) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3684; (P) 1.3719; (R1) 1.3754; More…

GBP/USD is staying in consolidations below 1.3770 temporary top and intraday bias remains neutral at this point. Downside of retreat should be contained above 1.3369 support to bring another rally. Above 1.3770 will target 100% projection of 1.2099 to 1.3206 from 1.3138 at 1.3813.

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 1.2960) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3684; (P) 1.3719; (R1) 1.3754; More…

Intraday bias in GBP/USD remains neutral for consolidations below 1.3770 temporary top. Downside of retreat should be contained above 1.3369 support to bring another rally. Above 1.3770 will target 100% projection of 1.2099 to 1.3206 from 1.3138 at 1.3813.

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 1.2960) holds, even in case of deep pullback.

GBP/USD’s up trend resumed last week and hit as high as 1.3770, but retreated since then. Initial bias is turned neutral this week for some consolidations. But downside should be contained above 1.3369 support to bring another rally. Above 1.3770 will target 100% projection of 1.2099 to 1.3206 from 1.3138 at 1.3813.

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 1.2960) 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) 1.3662; (P) 1.3716; (R1) 1.3783; More…

Intraday bias in GBP/USD remains on the upside for 100% projection of 1.2099 to 1.3206 from 1.3138 at 1.3813 next. On the downside, below 1.3647 minor support will turn intraday bias neutral and bring consolidations. But downside should be contained above 1.3369 support to bring another rally.

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 1.2948) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3662; (P) 1.3716; (R1) 1.3783; More…

Intraday bias in GBP/USD stays on the upside and current rally should target 100% projection of 1.2099 to 1.3206 from 1.3138 at 1.3813 next. On the downside, below 1.3589 minor support will turn intraday bias neutral and bring consolidations. But downside should be contained above 1.3369 support to bring another rally.

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 1.2948) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3613; (P) 1.3642; (R1) 1.3694; More…

Intraday bias in GBP/USD remains on the upside, and current rally should target 100% projection of 1.2099 to 1.3206 from 1.3138 at 1.3813 next. On the downside, below 1.3589 minor support will turn intraday bias neutral and bring consolidations. But downside should be contained above 1.3369 support to bring another rally.

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 1.2948) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3613; (P) 1.3642; (R1) 1.3694; More…

GBP/USD’s rally continues today and intraday bias stays on the upside. Current rise from 1.2099 should target 100% projection of 1.2099 to 1.3206 from 1.3138 at 1.3813 next. On the downside, below 1.3589 minor support will turn intraday bias neutral and bring consolidations. But downside should be contained above 1.3369 support to bring another rally.

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 1.2948) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3524; (P) 1.3586; (R1) 1.3678; More…

Intraday bias in GBP/USD stays on the upside despite today’s slight retreat. Rally from 1.2099 is resuming, and should target 100% projection of 1.2099 to 1.3206 from 1.3138 at 1.3813. Outlook will now stay bullish as long as 1.3369 support holds, even in case of deeper pullback.

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 1.2948) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3524; (P) 1.3586; (R1) 1.3678; More…

Breach of 1.3631 resistance suggests that GBP/USD is resuming recent rally. Intraday bias stays on the upside for 100% projection of 1.2099 to 1.3206 from 1.3138 at 1.3813. Outlook will now stay bullish as long as 1.3369 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 1.2948) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3420; (P) 1.3475; (R1) 1.3580; More…

Intraday bias in GBP/USD remains on the upside for the moment. Decisive break of 1.3631 resistance will resume larger rally. Next target is 1.4004 projection level. Nevertheless, break of 1.3369 will extend the corrective pattern from 1.3631 with another falling leg instead.

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 1.2948) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3420; (P) 1.3475; (R1) 1.3580; More…

GBP/USD’s strong rebound suggest that pullback from 1.3631 has already completed at 1.3369. Intraday bias is back on the upside for retesting 1.3631 first. Firm break there will resume larger rally to 1.4004 projection level next. Nevertheless, break of 1.3369 will extend the correction with another falling leg instead.

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 1.2948) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3422; (P) 1.3467; (R1) 1.3492; More…

GBP/USD’s fall from 1.3631 short term top resume by breaking 1.3381 temporary low. Intraday bias is back on the downside for 38.2% retracement of 1.2076 to 1.3631 at 1.3278. Strong support should be seen there to bring rebound. Break of 1.3509 resistance will turn bias back to the upside for retesting 1.3631 high. However, decisive break of 1.3278 will suggests that larger scale correction is underway and target 1.3206 resistance turned support and below.

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 1.2948) holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3422; (P) 1.3467; (R1) 1.3492; More…

Intraday bias in GBP/USD remains neutral for the moment. Risk will stay mildly on the downside as long as 1.3631 resistance holds. Below 1.3381 will extend the corrective fall to 38.2% retracement of 1.2076 to 1.3631 at 1.3278.

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 1.2923) holds, even in case of deep pullback.

GBP/USD’s extended decline from 1.3631 last week confirmed short term topping. But as a temporary low was formed at 1.3381, initial bias remains neutral this week first. Near term risk will stay on the downside as long as 1.3631 resistance holds. Below 1.3381 will extend the correction to 38.2% retracement of 1.2076 to 1.3631 at 1.3278.

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 1.2923) 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.