Daily Pivots: (S1) 1.4145; (P) 1.4229; (R1) 1.4287; More…
Intraday bias in GBP/USD stays neutral with 1.4144 minor support intact. Price actions from 1.4376 short term top is possibly just developing in to a consolidation pattern. ON the upside, break of 1.4376 will confirm up trend resumption. In that case, GBP/USD would target 61.8% projection of 1.3038 to 1.4345 from 1.3711 at 1.4519. However, on the downside, firm break of 1.4144 will be and early sign of medium term topping and turn focus back to 1.3965 support.