Daily Pivots: (S1) 1.3339; (P) 1.3403; (R1) 1.3525; More…

GBP/USD’s breach of 1.3539 resistance suggests up rise resumption. Sustained break trading above 1.3514 key resistance will also carry larger bullish implications. That would pave the way to 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956 next. Through, below 1.3401 minor support will turn intraday bias neutral first.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

Daily Pivots: (S1) 1.3339; (P) 1.3403; (R1) 1.3525; More…

GBP/USD is still bounded in range of 1.3134/3539 and intraday bias remains neutral. On the downside, sustained break of 1.3134 support should confirm another rejection by 1.3514 key resistance. Deeper decline would be seen back to 1.2675 support next. Nevertheless sustained break of 1.3539 would resume whole rise from 1.1409 and carry larger bullish implications.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

Daily Pivots: (S1) 1.3262; (P) 1.3354; (R1) 1.3418; More…

No change in GBP/USD’s outlook and intraday bias remains neutral at this point. Another fall could still be seen with 1.3539 resistance intact. On the downside, sustained break of 1.3134 should confirm another rejection by 1.3514 key resistance. Deeper decline would be seen back to 1.2675 support next. Nevertheless sustained break of 1.3539 would resume whole rise from 1.1409 and carry larger bullish implications.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

Daily Pivots: (S1) 1.3262; (P) 1.3354; (R1) 1.3418; More…

Intraday bias in GBP/USD stays neutral at this point. Another fall could still be seen with 1.3539 resistance intact. On the downside, sustained break of 1.3134 should confirm another rejection by 1.3514 key resistance. Deeper decline would be seen back to 1.2675 support next. Nevertheless sustained break of 1.3539 would resume whole rise from 1.1409 and carry larger bullish implications.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

Daily Pivots: (S1) 1.3134; (P) 1.3230; (R1) 1.3324; More…

At this point, GBP/USD is still holding below 1.3539 resistance and intraday bias remains neutral. Another fall could still be seen with 1.3539 resistance intact. On the downside, sustained break of 1.3134 should confirm another rejection by 1.3514 key resistance. Deeper decline would be seen back to 1.2675 support next. Nevertheless sustained break of 1.3539 would resume whole rise from 1.1409 and carry larger bullish implications.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

Daily Pivots: (S1) 1.3134; (P) 1.3230; (R1) 1.3324; More…

GBP/USD rebounds strongly today but it’s held well below 1.3529 resistance. Intraday bias is turned neutral first and another fall remains mildly in favor. On the downside, sustained break of 1.3134 should confirm another rejection by 1.3514 key resistance. Deeper decline would be seen back to 1.2675 support next. Nevertheless sustained break of 1.3539 would resume whole rise form 1.1409 and carry larger bullish implications.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

GBP/USD dropped to as low as 1.3134 last week as fall form 1.3539 extends. Further decline is in favor this week as long as 1.3324 minor resistance holds. Sustained break of 55 day EMA (now at 1.3177) should confirm another rejection by 1.3514 key resistance. Deeper decline would be seen back to 1.2675 support next. On the upside, above 1.3324 minor resistance will turn intraday bias neutral first.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

In the longer term picture, focus remains on decade long trend line from 2.1161 (2007 high). Sustained break there should confirm long term bottoming at 1.1409, on bullish convergence condition in monthly MACD. Rise from could either be a correction or starting a long term up trend. In either case, next target will be 38.2% retracement of 2.1161 to 1.1409 at 1.5134.

Daily Pivots: (S1) 1.3224; (P) 1.3318; (R1) 1.3390; More…

Intraday bias in GBP/USD remains on the downside at this point. Sustained break of 55 day EMA (now at 1.3181) should confirm another rejection by 1.3514 key resistance. Deeper decline would be seen back to 1.2675 support next. On the upside, above 1.3324 minor resistance will turn intraday bias neutral first.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

Daily Pivots: (S1) 1.3224; (P) 1.3318; (R1) 1.3390; More…

GBP/USD is staying in range below 1.3539 and intraday bias remains neutral first. On the downside, break of 1.3223 will target 55 day EMA (now at 1.3181) first. Sustained break there will confirm another rejection by 1.3514 key resistance. Deeper fall should be seen back to 1.2675 support next. However, firm break of 1.3539 will resume larger rally from 1.1409.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

Daily Pivots: (S1) 1.3344; (P) 1.3411; (R1) 1.3471; More…

Intraday bias in GBP/USD remains neutral as range trading continues. On the downside, break of 1.3223 will target 55 day EMA (now at 1.3177) first. Sustained break there will confirm another rejection by 1.3514 key resistance. Deeper fall should be seen back to 1.2675 support next. However, firm break of 1.3539 will resume larger rally from 1.1409.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

Daily Pivots: (S1) 1.3344; (P) 1.3411; (R1) 1.3471; More…

Intraday bias in GBP/USD remains neutral for the moment. On the downside, break of 1.3223 will target 55 day EMA (now at 1.3177) first. Sustained break there will confirm another rejection by 1.3514 key resistance. Deeper fall should be seen back to 1.2675 support next. However, firm break of 1.3539 will resume larger rally from 1.1409.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

Daily Pivots: (S1) 1.3298; (P) 1.3346; (R1) 1.3401; More…

GBP/USD is still staying below 1.3539 short term top. Intraday bias remains neutral first. On the downside, break of 1.3223 will target 55 day EMA (now at 1.3170) first. Sustained break there will confirm another rejection by 1.3514 key resistance. Deeper fall should be seen back to 1.2675 support next. However, firm break of 1.3539 will resume larger rally from 1.1409.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

Daily Pivots: (S1) 1.3298; (P) 1.3346; (R1) 1.3401; More…

GBP/USD is staying in range below 1.3539 and intraday bias remains neutral first. Outlook is unchanged that a short term top was formed at 1.3539, and deeper fall is in favor. Break of 1.3223 will target 55 day EMA (now at 1.3170) first. Sustained break there will confirm another rejection by 1.3514 key resistance. Deeper fall should be seen back to 1.2675 support next. For now, risk will stay on the downside as long as 1.3539 resistance holds, in case of recovery.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

Daily Pivots: (S1) 1.3256; (P) 1.3347; (R1) 1.3468; More…

Intraday bias in GBP/USD remains neutral at this point first. We’re holding on to the view that a short term top was formed at 1.3539, and deeper fall is in favor. Break of 1.3223 will target 55 day EMA (now at 1.3163) first. Sustained break there will confirm another rejection by 1.3514 key resistance. Deeper fall should be seen back to 1.2675 support next. For now, risk will stay on the downside as long as 1.3539 resistance holds, in case of recovery.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

Daily Pivots: (S1) 1.3256; (P) 1.3347; (R1) 1.3468; More…

GBP/USD recovers notably after hitting 1.3223 and intraday bias is turned neutral first. We’re holding on to the view that a short term top was formed at 1.3539, and deeper fall is in favor. Break of 1.3223 will target 55 day EMA (now at 1.3162) first. Sustained break there will confirm another rejection by 1.3514 key resistance. Deeper fall should be seen back to 1.2675 support next. For now, risk will stay on the downside as long as 1.3539 resistance holds, in case of recovery.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

Daily Pivots: (S1) 1.3386; (P) 1.3463; (R1) 1.3511; More…

GBP/USD’s break of 1.3283 support suggests short term topping at 1.3539. Intraday bias is back on the downside for 55 day EMA (now at 1.3152) first. Sustained break there will confirm another rejection by 1.3514 key resistance. Deeper fall should be seen back to 1.2675 support next. For now, risk will stay on the downside as long as 1.3539 resistance holds, in case of recovery.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

Daily Pivots: (S1) 1.3386; (P) 1.3463; (R1) 1.3511; More…

Intraday bias in GBP/USD is turned neutral with current retreat, and some consolidations could be seen. Further rise is expected as long as 1.3283 support holds. Break of 1.3539 will target 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956. On the downside, however, break of 1.3283 will indicate short term topping and turn bias to the downside for pull back.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

GBP/USD rose further to 1.3539 last week and breach of 1.3482 resistance suggest resumption of rise from 1.1409. Further rise is expected as long as 1.3283 support holds. Next target is 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956. On the downside, however, break of 1.3283 will indicate short term topping and turn bias to the downside for pull back.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

In the longer term picture, focus remains on decade long trend line from 2.1161 (2007 high). Sustained break there should confirm long term bottoming at 1.1409, on bullish convergence condition in monthly MACD. Rise from could either be a correction or starting a long term up trend. In either case, next target will be 38.2% retracement of 2.1161 to 1.1409 at 1.5134.

Daily Pivots: (S1) 1.3369; (P) 1.3434; (R1) 1.3516; More…

GBP/USD’s break of 1.3482 now suggests resumption of whole rise form 1.1409. Intraday bias is back on the upside for 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956 next. On the downside, break of 1.3283 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of recovery.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.

Daily Pivots: (S1) 1.3369; (P) 1.3434; (R1) 1.3516; More…

Focus remains on 1.3482 resistance in GBP/USD. Decisive break of 1.3482 will confirm resumption of whole rise from 1.1409. Next target will be 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956 next. On the downside, break of 1.3283 support will turn bias back to the downside, to extend the consolidation from 1.3482 with another falling leg.

In the bigger picture, focus stays on 1.3514 key resistance. Decisive break there should also come with sustained trading above 55 month EMA (now at 1.3308). That should confirm medium term bottoming at 1.1409. Outlook will be turned bullish for 1.4376 resistance and above. Nevertheless, rejection by 1.3514 will maintain medium term bearishness for another lower below 1.1409 at a later stage.