Daily Pivots: (S1) 1.3684; (P) 1.3719; (R1) 1.3754; More…
GBP/USD is staying in consolidations below 1.3770 temporary top and intraday bias remains neutral at this point. Downside of retreat should be contained above 1.3369 support to bring another rally. Above 1.3770 will target 100% projection of 1.2099 to 1.3206 from 1.3138 at 1.3813.
In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.2960) holds, even in case of deep pullback.
