Daily Pivots: (S1) 1.4122; (P) 1.4170; (R1) 1.4249; More…

Intraday bias in GBP/USD remains neutral at this point. With 1.4090 minor support intact, further rally is expected. On the upside, decisive break of 1.4240 will resume larger up trend for 1.4376 key resistance next.. On the downside, firm break of 1.4090 support will suggest rejection by 1.4240 resistance. Consolidation from 1.4240 would be then starting another falling leg. Intraday bias will be turned back to the downside for 1.4008 resistance turned support first.

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) 1.4096; (P) 1.4136; (R1) 1.4160; More…

Intraday bias in GBP/USD stays neutral and further rise is expected with 1.4098 support intact. On the upside, decisive break of 1.4240 will resume larger up trend for 1.4376 key resistance next.. On the downside, firm break of 1.4098 support will suggest rejection by 1.4240 resistance. Consolidation from 1.4240 would be then starting another falling leg. Intraday bias will be turned back to the downside for 1.4008 resistance turned support first.

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) 1.4096; (P) 1.4136; (R1) 1.4160; More…

Intraday bias in GBP/USD remains neutral first. On the downside, firm break of 1.4098 support will suggest rejection by 1.4240 resistance. Consolidation from 1.4240 would be then starting another falling leg. Intraday bias will be turned back to the downside for 1.4008 resistance turned support first. On the upside, decisive break of 1.4240 will resume larger up trend for 1.4376 key resistance next.

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) 1.4105; (P) 1.4158; (R1) 1.4200; More…

GBP/USD is staying in consolidation from 1.4232 and intraday bias remains neutral for the moment. On the upside, decisive break of 1.4240 will resume larger up trend for 1.4376 key resistance next. On the downside, however, break of 1.4098 support will delay the bullish case. Intraday bias will be turned back to the downside to extend the consolidation pattern from 1.4240 with another falling leg.

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) 1.4105; (P) 1.4158; (R1) 1.4200; More…

Intraday bias in GBP/USD remains neutral as consolidation from 1.4232 is still extending. On the upside, decisive break of 1.4240 will resume larger up trend for 1.4376 key resistance next. On the downside, however, break of 1.4098 support will delay the bullish case. Intraday bias will be turned back to the downside to extend the consolidation pattern from 1.4240 with another falling leg.

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) 1.4120; (P) 1.4146; (R1) 1.4180; More…

GBP/USD is still bounded in consolidation from 1.4232 and intraday bias remains neutral first. On the upside, decisive break of 1.4240 will resume larger up trend for 1.4376 key resistance next. On the downside, however, break of 1.4098 support will delay the bullish case. Intraday bias will be turned back to the downside to extend the consolidation pattern from 1.4240 with another falling leg.

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) 1.4120; (P) 1.4146; (R1) 1.4180; More…

Intraday bias in GBP/USD remains neutral first and consolidation continues below 1.4232. On the upside, decisive break of 1.4240 will resume larger up trend for 1.4376 key resistance next. On the downside, however, break of 1.4098 support will delay the bullish case. Intraday bias will be turned back to the downside to extend the consolidation pattern from 1.4240 with another falling leg.

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) 1.4117; (P) 1.4175; (R1) 1.4210; More…

Consolidation continues in GBP/USD and intraday bias remains neutral first. On the upside, decisive break of 1.4240 will resume larger up trend for 1.4376 key resistance next. On the downside, however, break of 1.4098 support will delay the bullish case. Intraday bias will be turned back to the downside to extend the consolidation pattern from 1.4240 with another falling leg.

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) 1.4117; (P) 1.4175; (R1) 1.4210; More…

Intraday bias in GBP/USD remains neutral first and further rise is in favor with 1.4098 minor support intact. On the upside, decisive break of 1.4240 will resume larger up trend for 1.4376 key resistance next. On the downside, however, break of 1.4098 support will delay the bullish case. Intraday bias will be turned back to the downside to extend the consolidation pattern from 1.4240 with another falling leg.

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 edged higher to 1.4232 last week but couldn’t break through 1.4240 high yet. Initial bias is neutral this week first considering loss of upside momentum, as seen in 4 hour MACD. Further rise is in favor as long as 1.4098 support holds. Decisive break of 1.4240 will resume larger up trend for 1.4376 key resistance next. On the downside, however, break of 1.4098 support will delay the bullish case. Intraday bias will be turned back to the downside to extend the consolidation pattern from 1.4240 with another falling leg.

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) 1.4129; (P) 1.4161; (R1) 1.4221; More…

Intraday bias in GBP/USD remains neutral first with focus on 1.4240 high. Decisive break there will resume whole up trend from 1.1409 to 1.4376 key resistance next. On the downside, however, break of 1.4098 support will delay the bullish case. Intraday bias will be turned back to the downside to extend the consolidation pattern from 1.4240 with another falling leg.

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) 1.4129; (P) 1.4161; (R1) 1.4221; More…

Intraday bias in GBP/USD remains neutral as consolidation continues below 1.4219 resistance. With 1.4004 support intact, further rise is expected. On the upside, decisive break of 1.4240 high will resume whole up trend from 1.1409 to 1.4376 key resistance next. However, break of 1.4004 will delay the bullish case. Intraday bias will be turned back to the downside to extend the consolidation pattern from 1.4240 with another falling leg.

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) 1.4077; (P) 1.4139; (R1) 1.4178; More…

GBP/USD is staying in consolidation below 1.4219 and intraday bias remains neutral. Further rise is expected with 1.4004 support intact. On the upside, decisive break of 1.4240 high will resume whole up trend from 1.1409 to 1.4376 key resistance next. However, break of 1.4004 will delay the bullish case. Intraday bias will be turned back to the downside to extend the consolidation pattern from 1.4240 with another falling leg.

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) 1.4077; (P) 1.4139; (R1) 1.4178; More…

Intraday bias in GBP/USD remains neutral for the moment, and further rise is in favor with 1.4004 support intact. On the upside, decisive break of 1.4240 high will resume whole up trend from 1.1409 to 1.4376 key resistance next. However, break of 1.4004 will delay the bullish case. Intraday bias will be turned back to the downside to extend the consolidation pattern from 1.4240 with another falling leg.

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) 1.4141; (P) 1.4180; (R1) 1.4228; More…

GBP/USD retreats ahead of 1.4240 high and intraday bias is turned neutral first. Further rise is still expected as long as 1.4004 support holds. Decisive break of 1.4240 will resume whole up trend from 1.1409 to 1.4376 key resistance next. However, break of 1.4004 will delay the bullish case. Intraday bias will be turned back to the downside to extend the consolidation pattern from 1.4240 with a another falling leg.

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) 1.4141; (P) 1.4180; (R1) 1.4228; More…

Intraday bias in GBP/USD remains on the upside with focus on 1.4240 resistance. Firm break there will resume whole up trend from 1.1409 to 1.4376 key resistance next. On the downside, break of 1.4004 support is needed to signal short term topping. Otherwise, outlook will remain bullish in case of retreat.

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) 1.4096; (P) 1.4121; (R1) 1.4165; More…

Intraday bias in GBP/USD remains on the upside for retesting 1.4240 high first. Firm break there will resume whole up trend from 1.1409 to 1.4376 key resistance next. On the downside, break of 1.4004 support is needed to signal short term topping. Otherwise, outlook will remain bullish in case of retreat.

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) 1.4096; (P) 1.4121; (R1) 1.4165; More…

GBP/USD’s break of 1.4165 confirms resumption of rise from 1.3668. Intraday bias is back on the upside to retest 1.4240 high. Firm break there will also resumption whole up trend from 1.1409 to 1.4376 key resistance next. On the downside, break of 1.4004 support is needed to signal short term topping. Otherwise, outlook will remain bullish in case of retreat.

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) 1.4052; (P) 1.4082; (R1) 1.4127; More…

GBP/USD is staying in consolidation from 1.4165 and intraday bias remains neutral first. Further rise is expected with 1.4008 resistance turned support intact. On the upside, break of 1.4165 will resume the rise from 1.3668 to retest 1.4240 high. On the downside, however, firm break of 1.4008 will delay the bullish case and extend the corrective pattern from 1.4240 with another falling leg.

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) 1.4052; (P) 1.4082; (R1) 1.4127; More…

Intraday bias in GBP/USD remains neutral for more consolidation below 1.4165. Further rise is expected with 1.4008 resistance turned support intact. On the upside, break of 1.4165 will resume the rise from 1.3668 to retest 1.4240 high. On the downside, however, firm break of 1.4008 will delay the bullish case and extend the corrective pattern from 1.4240 with another falling leg.

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.