Daily Pivots: (S1) 1.4131; (P) 1.4181; (R1) 1.4243; More…..

GBP/USD’s consolidation from 1.4345 is still in progress. Intraday bias remains neutral for the moment. In case of another fall, downside should be contained by 1.3915 support to bring rally resumption. On the upside, break of 1.4345 will resume medium term up trend to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. However, break of 1.3915 will argue that, at least, deeper pull back in underway to 1.3651 resistance turned support.

In the bigger picture, sustained break of 1.3835 key resistance level indicates that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. Further rise should now be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Medium term outlook will stay bullish as long as 1.3038 support holds, in case of pull back.

Daily Pivots: (S1) 1.4029; (P) 1.4098; (R1) 1.4216; More…..

GBP/USD is staying in consolidation below 1.4345 and intraday bias remains neutral first. More corrective trading could be seen. But downside should be contained by 1.3915 support to bring rally resumption. On the upside, break of 1.4345 will resume medium term up trend to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. However, break of 1.3915 will argue that, at least, deeper pull back in underway to 1.3651 resistance turned support.

In the bigger picture, sustained break of 1.3835 key resistance level indicates that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. Further rise should now be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Medium term outlook will stay bullish as long as 1.3038 support holds, in case of pull back.

Daily Pivots: (S1) 1.4029; (P) 1.4098; (R1) 1.4216; More…..

GBP/USD is staying in consolidation below 1.4345 and intraday bias remains neutral first. More corrective trading could be seen. But downside should be contained by 1.3915 support to bring rally resumption. On the upside, break of 1.4345 will resume medium term up trend to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. However, break of 1.3915 will argue that, at least, deeper pull back in underway to 1.3651 resistance turned support.

In the bigger picture, sustained break of 1.3835 key resistance level indicates that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. Further rise should now be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Medium term outlook will stay bullish as long as 1.3038 support holds, in case of pull back.

Daily Pivots: (S1) 1.4015; (P) 1.4086; (R1) 1.4148; More…..

GBP/USD recovers after drawing support from 4 hour 55 EMA. But it’s limited below 1.4345 and intraday bias neutral. More corrective trading could be seen. But downside should be contained by 1.3915 support to bring rally resumption. On the upside, break of 1.4345 will resume medium term up trend to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. However, break of 1.3915 will argue that, at least, deeper pull back in underway to 1.3651 resistance turned support.

In the bigger picture, sustained break of 1.3835 key resistance level indicates that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. Further rise should now be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Medium term outlook will stay bullish as long as 1.3038 support holds, in case of pull back.

Daily Pivots: (S1) 1.4015; (P) 1.4086; (R1) 1.4148; More…..

GBP/USD dips to as low as 1.4024 so far as retreat from 1.4345 extends. Intraday bias remains neutral as corrective trading would extend. But downside should be contained by 1.3915 support to bring rally resumption. On the upside, break of 1.4345 will resume medium term up trend to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. However, break of 1.3915 will argue that, at least, deeper pull back in underway to 1.3651 resistance turned support.

In the bigger picture, sustained break of 1.3835 key resistance level indicates that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. Further rise should now be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Medium term outlook will stay bullish as long as 1.3038 support holds, in case of pull back.

Daily Pivots: (S1) 1.4079; (P) 1.4180; (R1) 1.4256; More…..

GBP/USD’s retreat from 1.4345 extends lower today but outlook remains unchanged. Intraday bias stays neutral and further rise is still expected with 1.3915 support intact. On the upside, break of 1.435 will extend the up trend to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. However, break of 1.3915 will argue that, at least, deeper pull back in underway to 1.3651 resistance turned support.

In the bigger picture, sustained break of 1.3835 key resistance level indicates that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. Further rise should now be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Medium term outlook will stay bullish as long as 1.3038 support holds, in case of pull back.

Daily Pivots: (S1) 1.4079; (P) 1.4180; (R1) 1.4256; More…..

Intraday bias in GBP.USD remains neutral for consolidation below 1.4345 temporary top. Downside of retreat should be contained by 1.3915 support to bring rally resumption. On the upside, break of 1.435 will extend the up trend to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next.

In the bigger picture, sustained break of 1.3835 key resistance level indicates that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. Further rise should now be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Medium term outlook will stay bullish as long as 1.3038 support holds, in case of pull back.

GBP/USD’s up trend continued last week as reached as high as 1.4345. A temporary top is in place and intraday bias is neutral this week. Some consolidations could be seen but retreat should be contained by 1.3915 support to bring another rise. Above 1.4345 will turn bias back to the upside for 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next.

In the bigger picture, sustained break of 1.3835 key resistance level indicates that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. Further rise should now be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Medium term outlook will stay bullish as long as 1.3038 support holds, in case of pull back.

In the longer term picture, rise from 1.1946 should at least be correction whole long term down trend form 2.1161 and should target 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. It too early to tell if it’s developing into a long term up trend. We’ll monitor the upside momentum and reaction to 1.5466 to decide later.

Daily Pivots: (S1) 1.4031; (P) 1.4188; (R1) 1.4294; More…..

Intraday bias in GBP/USD remains neutral for consolidation below 1.4345 temporary top. More sideway trading could be seen with risk of another fall. But downside of retreat should be contained above 1.3651 resistance turned support and bring another rise. Above 1.4345 will extend medium term rally to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next.

In the bigger picture, sustained break of 1.3835 key resistance level indicates that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. Further rise should now be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Medium term outlook will stay bullish as long as 1.3038 support holds, in case of pull back.

Daily Pivots: (S1) 1.4031; (P) 1.4188; (R1) 1.4294; More…..

A temporary top is in place at 1.4345 and intraday bias in GBP/USD is turned neutral first. Downside of retreat should be contained above 1.3651 resistance turned support and bring another rise. Above 1.4345 will extend medium term rally to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next.

In the bigger picture, sustained break of 1.3835 key resistance level indicates that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. Further rise should now be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Medium term outlook will stay bullish as long as 1.3038 support holds, in case of pull back.

Daily Pivots: (S1) 1.4067; (P) 1.4164; (R1) 1.4333; More…..

Intraday bias in GBP/USD remains on the upside. Current rally is targeting 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. On the downside, below 1.4116 minor support will turn intraday bias neutral first. But retreat should be contained well above 1.3612 resistance turned support to bring another rise.

In the bigger picture, sustained break of 1.3835 key resistance level indicates that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. Further rise should now be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Medium term outlook will stay bullish as long as 1.3038 support holds, in case of pull back.

Daily Pivots: (S1) 1.4067; (P) 1.4164; (R1) 1.4333; More…..

GBP/USD’s rally extends to as high as 1.4304 so far today. Intraday bias remains on the upside for 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. On the downside, below 1.4116 minor support will turn intraday bias neutral first. But retreat should be contained well above 1.3612 resistance turned support to bring another rise.

In the bigger picture, sustained break of 1.3835 key resistance level indicates that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. Further rise should now be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Medium term outlook will stay bullish as long as 1.3038 support holds, in case of pull back.

Daily Pivots: (S1) 1.3934; (P) 1.3980; (R1) 1.4046; More…..

GBP/USD accelerates to as high as 1.4161 so far today. Intraday bias remains on the upside for further rally. Firm break of medium term channel resistance will bring further upside acceleration to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. On the downside, below 1.4025 minor support will turn intraday bias neutral and bring consolidation. But retreat should be contained well above 1.3612 resistance turned support to bring another rise.

In the bigger picture, sustained break of 1.3835 key resistance level indicates that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. In that case, further rise should be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Medium term outlook will now stay bullish as long as 1.3038 support holds.

Daily Pivots: (S1) 1.3934; (P) 1.3980; (R1) 1.4046; More…..

GBP/USD’s rally continues today and reaches 1.4024 so far. Intraday bias remains on the upside and current rise should target medium term channel resistance at 1.4139. Break will indicate acceleration to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. On the downside,below 1.3915 minor support will turn intraday bias neutral first. But pullback should be contained above 1.3612 resistance turned support to bring another rise.

In the bigger picture, sustained break of 1.3835 key resistance level indicates that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. In that case, further rise should be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Medium term outlook will now stay bullish as long as 1.3038 support holds.

Daily Pivots: (S1) 1.3899; (P) 1.3944; (R1) 1.4033; More…..

With 1.3838 minor support intact, intraday bias in GBP/USD remains on the upside. Current rise should target medium term channel resistance at 1.4139. Break will indicate acceleration to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. On the downside,below 1.3838 minor support will turn intraday bias neutral first. But pullback should be contained above 1.3612 resistance turned support to bring another rise.

In the bigger picture, sustained break of 1.3835 key resistance level indicates that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. In that case, further rise should be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Medium term outlook will now stay bullish as long as 1.3038 support holds.

Daily Pivots: (S1) 1.3899; (P) 1.3944; (R1) 1.4033; More…..

GBP/USD’s rally extends to as high as 1.4002 so far and intraday bias remains on the upside. Medium term channel resistance at 1.4139 is next target. Break will indicate acceleration to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. On the downside,below 1.3838 minor support will turn intraday bias neutral first. But pullback should be contained above 1.3612 resistance turned support to bring another rise.

In the bigger picture, sustained break of 1.3835 key resistance level indicates that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. In that case, further rise should be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Medium term outlook will now stay bullish as long as 1.3038 support holds.

Daily Pivots: (S1) 1.3810; (P) 1.3878; (R1) 1.3917; More…..

No change in GBP/USD’s outlook. As long as 1.3741 minor support holds, further rally is expected. Sustained trading above 1.3835 key resistance could trigger upside acceleration to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. However, considering bearish divergence condition in 4 hour MACD, break of 1.3741 will indicate short term topping. More importantly, that would suggest rejection from 1.3835 and turn bias to the downside for 1.3457.

In the bigger picture, sustained break of 1.3835 key resistance level will indicate that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. In that case, further rise should be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Nonetheless, rejection from 1.3835 will maintain medium term bearishness and thus, the risk retesting 1.1946 ahead.

Daily Pivots: (S1) 1.3810; (P) 1.3878; (R1) 1.3917; More…..

As long as 1.3741 minor support holds, further rise is expected in GBP/USD. Sustained trading above 1.3835 key resistance could trigger upside acceleration to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. However, considering bearish divergence condition in 4 hour MACD, break of 1.3741 will indicate short term topping. More importantly, that would suggest rejection from 1.3835 and turn bias to the downside for 1.3457.

In the bigger picture, sustained break of 1.3835 key resistance level will indicate that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. In that case, further rise should be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Nonetheless, rejection from 1.3835 will maintain medium term bearishness and thus, the risk retesting 1.1946 ahead.

GBP/USD surged to as high as 1.3944 last week and broken 1.3835 key resistance. At this point, the pair seems to be struggling to find follow through buying this level. But still, as long 1.3741 minor support holds, further rally is expected. Sustained trading above 1.3835 could trigger upside acceleration to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. However, on the downside, break of 1.3741 minor support will indicate rejection from 1.3835 and turn bias to the downside for 1.3457.

In the bigger picture, sustained break of 1.3835 key resistance level will indicate that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. In that case, further rise should be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Nonetheless, rejection from 1.3835 will maintain medium term bearishness and thus, the risk retesting 1.1946 ahead.

In the longer term picture, long term bullish outlook is starting to get more conviction now. Still, sustained break of 1.3835 resistance is needed to confirm. And in that case, rise from 1.1946 should at least be correction whole long term down trend form 2.1161 and should target 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466.

Daily Pivots: (S1) 1.3826; (P) 1.3869; (R1) 1.3936; More…..

Despite the mild retreat, intraday bias in GBP/USD remains on the upside at this point. And, sustained trading above 1.3835 will carry larger bullish implication and should target long term fibonacci level at 1.5466 next. On the downside, though, break of 1.3741 minor support will indicate rejection from 1.3835 and turn bias to the downside for 1.3457.

In the bigger picture, sustained break of 1.3835 key resistance level will indicate that rebound from 1.1946 is at least correcting the long term down from from 2007 high at 2.1161. In that case, further rise should be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. Nonetheless, rejection from 1.3835 will maintain medium term bearishness and thus, the risk retesting 1.1946 ahead.