Daily Pivots: (S1) 1.4016; (P) 1.4131; (R1) 1.4195; More…
GBP/USD decline extends to as low as 1.4018 so far. Intraday bias stays on the downside for 1.3965 support. Considering bearish divergence condition in daily MACD, a medium term could be in place at 1.4376 already. Break of 1.3965 will pave the way to retest 1.3711 key support level. On the upside, above 1.4098 minor resistance will turn intraday bias neutral first.