GBPUSD Outlook
GBP/USD Daily Outlook
Daily Pivots: (S1) 1.3498; (P) 1.3547; (R1) 1.3576; More...
Intraday bias in GBP/USD remains neutral for consolidations below 1.3594 temporary top. Further rally is expected as long as 1.3379 support holds. On the upside, firm break of 61.8% retracement of 1.3867 to 1.3158 at 1.3596 will extend the rise from 1.3158 to retest 1.3867 high.
In the bigger picture, current development suggests that price actions from 1.3867 are merely a corrective pattern within the broader up trend from 1.0351 (2022 low). With 1.3008 support intact, medium term bullishness is maintained and break of 1.3867 is back in favor for a later stage, towards 1.4248 key resistance (2021 high).
GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.3543; (P) 1.3562; (R1) 1.3581; More...
Intraday bias in GBP/USD is turned neutral first with current retreat, and some consolidations would be seen. Further rally is expected as long as 1.3379 support holds. On the upside, firm break of 61.8% retracement of 1.3867 to 1.3158 at 1.3596 will extend the rise from 1.3158 to retest 1.3867 high.
In the bigger picture, current development suggests that price actions from 1.3867 are merely a corrective pattern within the broader up trend from 1.0351 (2022 low). With 1.3008 support intact, medium term bullishness is maintained and break of 1.3867 is back in favor for a later stage, towards 1.4248 key resistance (2021 high).
GBP/USD Daily Outlook
Daily Pivots: (S1) 1.3543; (P) 1.3562; (R1) 1.3581; More...
Further rally is still expected in GBP/USD with 1.3483 minor support intact. Firm break of 61.8% retracement of 1.3867 to 1.3158 at 1.3596 will extend the rise from 1.3158 to retest 1.3867 high. On the downside, below 1.3483 minor support will turn intraday bias neutral first.
In the bigger picture, current development suggests that price actions from 1.3867 are merely a corrective pattern within the broader up trend from 1.0351 (2022 low). With 1.3008 support intact, medium term bullishness is maintained and break of 1.3867 is back in favor for a later stage, towards 1.4248 key resistance (2021 high).
