Daily Pivots: (S1) 1.3732; (P) 1.3784; (R1) 1.3814; More….

Intraday bias in GBP/USD remains on the downside at this point. Current decline from 1.4248, as the third leg of the consolidation pattern from 1.4240, and should target 1.3668 support and possibly below. On the upside, above 1.3871 minor resistance will turn intraday bias neutral first. But break of 1.4000 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay mildly bearish in case of recovery.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

Daily Pivots: (S1) 1.3732; (P) 1.3784; (R1) 1.3814; More….

Intraday bias in GBP/USD remains on the downside at this point. Fall from 1.4248, as the third leg of the consolidation pattern from 1.4240, and should target 1.3668 support and possibly below. On the upside, above 1.3871 minor resistance will turn intraday bias neutral first. But break of 1.4000 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay mildly bearish in case of recovery.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

Daily Pivots: (S1) 1.3797; (P) 1.3835; (R1) 1.3871; More….

GBP/USD’s break of 1.3785 support suggests resumption of 1.4248. Intraday bias is back on the downside. Such decline is seen as the third leg of the consolidation pattern from 1.4240, and should target 1.3668 support and possibly below. On the upside, break of 1.4000 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay mildly bearish in case of recovery.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

Daily Pivots: (S1) 1.3797; (P) 1.3835; (R1) 1.3871; More….

Intraday bias in GBP/USD stays mildly on the downside at this point. Break of 1.3785 support will resume the fall from 1.4248, as the third leg of the consolidation pattern from 1.4240, and target 1.3668 support and possibly below. On the upside, break of 1.4000 will turn bias back to the upside for retesting 1.4240/8 resistance zone instead.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

Daily Pivots: (S1) 1.3809; (P) 1.3847; (R1) 1.3881; More….

Intraday bias in GBP/USD remains mildly on the downside for 1.3785 support. Break there will resume the fall from 1.4248, as the third leg of the consolidation pattern from 1.4240, and target 1.3668 support and possibly below. On the upside, break of 1.4000 will turn bias back to the upside for retesting 1.4240/8 resistance zone instead.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

Daily Pivots: (S1) 1.3809; (P) 1.3847; (R1) 1.3881; More….

Intraday bias in GBP/USD remains mildly on the downside for a.3785 support. Break will resume the fall from 1.4248, as the third leg of the consolidation pattern from 1.4240, and target 1.3668 support and possibly below. On the upside, break of 1.4000 will turn bias back to the upside for retesting 1.4240/8 resistance zone instead.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

Daily Pivots: (S1) 1.3853; (P) 1.3896; (R1) 1.3922; More….

GBP/USD’s break of 1.3859 minor support suggests that recovery from 1.3785 has completed at 1.4000, after rejection by 4 hour 55 EMA. Intraday bias is back on the downside for 1.3785. Break will resume the fall from 1.4248, as the third leg of the consolidation pattern from 1.4240, and target 1.3668 support and possibly below. On the upside, break of 1.4000 will turn bias back to the upside for retesting 1.4240/8 resistance zone instead.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

Daily Pivots: (S1) 1.3853; (P) 1.3896; (R1) 1.3922; More….

Intraday bias in GBP/USD remains neutral with focus on 1.3859 minor support. Break will indicate that fall from 1.4248 is likely resuming. Such decline is seen as the third leg of the consolidation pattern from 1.4240, and should target 1.3668 support and possibly below. On the upside, break of 1.4000 will turn bias back to the upside for retesting 1.4240/8 resistance zone instead.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

Daily Pivots: (S1) 1.3857; (P) 1.3897; (R1) 1.3921; More….

Outlook in GBP/USD remains unchanged and intraday bias remains neutral first. On the downside, break of 1.3859 minor support will resume the fall from 1.4248, as the third leg of the consolidation pattern from 1.4240, to 1.3668 support and possibly below. On the upside, break of 1.4000 will turn bias back to the upside for retesting 1.4240/8 resistance zone instead.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

Daily Pivots: (S1) 1.3857; (P) 1.3897; (R1) 1.3921; More….

Intraday bias in GBP/USD remains neutral for the moment. On the downside, break of 1.3859 minor support will resume the fall from 1.4248, as the third leg of the consolidation pattern from 1.4240, to 1.3668 support and possibly below. On the upside, break of 1.4000 will turn bias back to the upside for retesting 1.4240/8 resistance zone instead.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

GBP/USD recovered to 1.4000 last week but failed to sustained above 4 hour 55 EMA and retreated. Initial bias remains neutral this week first. On the downside, break of 1.3859 minor support will resume the fall from 1.4248, as the third leg of the consolidation pattern from 1.4240, to 1.3668 support and possibly below. On the upside, break of 1.4000 will turn bias back to the upside for retesting 1.4240/8 resistance zone instead.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

In the longer term picture, a long term bottom should be in place at 1.1409, on bullish convergence condition in monthly MACD. Rise from there would target 38.2% retracement of 2.1161 to 1.1409 at 1.5134. Reaction from there would reveal whether rise from 1.1409 is just a correction, or developing into a long term up trend.

Daily Pivots: (S1) 1.3880; (P) 1.3933; (R1) 1.3977; More….

Outlook in GBP/USD remains unchanged and intraday bias stays neutral first. On the downside, break of 1.3859 minor support will resume the fall from 1.4248, as the third leg of the consolidation pattern from 1.4240, to 1.3668 support and possibly below. On the upside, sustained break of the 4 hour 55 EMA (now at 1.3963) will turn bias back to the upside for retesting 1.4240/8 resistance zone instead.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

Daily Pivots: (S1) 1.3880; (P) 1.3933; (R1) 1.3977; More….

Intraday bias in GBP/USD remains neutral at this point. On the downside, break of 1.3859 minor support will resume the fall from 1.4248, as the third leg of the consolidation pattern from 1.4240, to 1.3668 support and possibly below. On the upside, sustained break of the 4 hour 55 EMA (now at 1.3970) will turn bias back to the upside for retesting 1.4240/8 resistance zone instead.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

Daily Pivots: (S1) 1.3924; (P) 1.3963; (R1) 1.4001; More….

GBP/USD drops notably after failing to sustain above 4 hour 55 EMA (now at 1.3978), but stays above 1.3859 minor support. Intraday bias remains neutral first. On the downside, break of 1.3859 will resume the fall from 1.4248, as the third leg of the consolidation pattern from 1.4240, to 1.3668 support and possibly below. On the upside, sustained break of the 4 hour 55 EMA will turn bias back to the upside for retesting 1.4240/8 resistance zone instead.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

Daily Pivots: (S1) 1.3924; (P) 1.3963; (R1) 1.4001; More….

Intraday bias in GBP/USD remains neutral at this point. Focus stays on 4 hour 55 EMA (now at 1.3979). Sustained break above this EMA will suggest that correction from 1.4248 has completed at 1.3785 already. Intraday bias will be turned back to the upside, for stronger rise back to retest 1.4248. On the downside, below 1.3859 minor support will resume the correction to 1.3668 support and below.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

Daily Pivots: (S1) 1.3884; (P) 1.3924; (R1) 1.3987; More….

Intraday bias in GBP/USD stays neutral with focus now on 4 hour 55 EMA (now at 1.3983). Sustained break above this EMA will suggest that correction from 1.4248 has completed at 1.3785 already. Intraday bias will be turned back to the upside, for stronger rise back to retest 1.4248. On the downside, below 1.3859 minor support will resume the correction to 1.3668 support and below.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

Daily Pivots: (S1) 1.3884; (P) 1.3924; (R1) 1.3987; More….

Intraday bias in GBP/USD remains neutral first. Consolidation pattern from 1.3785 temporary low could extend further. On the downside, break of 1.3785 will resume the fall from 1.3785, as third leg of consolidation pattern from 1.4240, to 1.3668 support and below. On the upside, sustained break of 4 hour 55 EMA (now at 1.3983) will bring retest of 1.4240/8 resistance zone instead.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

Daily Pivots: (S1) 1.3834; (P) 1.3886; (R1) 1.3985; More….

Intraday bias in GBP/USD remains neutral at this point. Consolidation pattern from 1.3785 temporary low could extend further. On the downside, break of 1.3785 will resume the fall from 1.3785, as third leg of consolidation pattern from 1.4240, to 1.3668 support and below. On the upside, sustained break of 4 hour 55 EMA (now at 1.3992) will bring retest of 1.4240/8 resistance zone instead.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

Daily Pivots: (S1) 1.3834; (P) 1.3886; (R1) 1.3985; More….

Intraday bias in GBP/USD remains neutral for consolidation above 1.3785 temporary low. On the downside, break of 1.3785 will resume the fall from 1.3785, as third leg of consolidation pattern from 1.4240, to 1.3668 support and below. On the upside, sustained break of 4 hour 55 EMA (now at 1.3996) will bring retest of 1.4240/8 resistance zone instead.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.

Daily Pivots: (S1) 1.3746; (P) 1.3845; (R1) 1.3899; More….

A temporary low is formed at 1.3785 in GBP/USD with current recovery. Intraday bias is turned neutral for the moment. Deeper fall is still expected as long as 4 hour 55 EMA (now at 1.4008) holds. Current decline from 1.4248 is seen as the third leg of the consolidation pattern from 1.4240. Below 1.3785 will target 1.3668 support and below. However, sustained break of the 4 hour 55 EMA will bring stronger rise back to retest 1.4240/8 resistance zone.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed and bring deeper fall to 1.2675 support and below.