Daily Pivots: (S1) 1.4261; (P) 1.4302; (R1) 1.4379; More…
GBP/USD retreats after hitting 1.4376. But with 1.4236 minor support intact, intraday bias remains on the upside. Prior break of 1.4345 indicates resumption of medium term up trend. Further rise should be seen to 61.8% projection of 1.3038 to 1.4345 from 1.3711 at 1.4519 next. On the downside, below 1.4236 minor support will turn intraday bias neutral again. But retreat should be contained well above 1.3964 support to bring another rally.