Daily Pivots: (S1) 1.3700; (P) 1.3724; (R1) 1.3768; More….
Intraday bias in GBP/USD remains on the upside at this point. Current up trend from 1.1409 is in progress for 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956 next. On the downside, break of 1.3679 minor support will turn bias neutral and bring more consolidations again.
In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. On the downside, break of 1.2675 support is needed to indicate completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.
