Daily Pivots: (S1) 1.3999; (P) 1.4043; (R1) 1.4104; More….

GBP/USD’s up trend from 1.1409 is still in progress. Intraday bias remains on the upside for 1.4376 long term resistance next. On the downside, break of 1.3979 minor support will turn intraday bias neutral, and bring consolidations, before staging another rally.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. Decisive break there will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. On the downside, break of 1.3482 resistance turned support is needed to be first indication of completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

Daily Pivots: (S1) 1.3959; (P) 1.3998; (R1) 1.4043; More….

With 1.3950 minor support intact, intraday bias in GBP/USD stays on the upside. Current up trend from 1.1409 is in progress for 1.4376 long term resistance next. On the downside, break of 1.3950 minor support will turn intraday bias neutral, and bring consolidations, before staging another rally.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. Decisive break there will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. On the downside, break of 1.3482 resistance turned support is needed to be first indication of completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

Daily Pivots: (S1) 1.3959; (P) 1.3998; (R1) 1.4043; More….

Intraday bias in GBP/USD remains on the upside at this point. Current up trend from 1.1409 is in progress for 1.4376 long term resistance next. On the downside, break of 1.3950 minor support will turn intraday bias neutral, and bring consolidations, before staging another rally.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. Decisive break there will carry larger bullish implications and target 38.2% retracement of 2.1161 (2007 high) to 1.1409 (2020 low) at 1.5134. On the downside, break of 1.3482 resistance turned support is needed to be first indication of completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

GBP/USD’s up trend continued last week and hit as high as 1.4035 Initial bias remains on the upside this week. Next target is 1.4376 long term resistance next. On the downside, break of 1.3950 minor support will turn intraday bias neutral, and bring consolidations, before staging another rally.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. On the downside, break of 1.3482 resistance turned support is needed to indicate completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

In the longer term picture, a long term bottom should be in place at 1.1409, on bullish convergence condition in monthly MACD. Rise from there would target 38.2% retracement of 2.1161 to 1.1409 at 1.5134. Reaction from there would reveal whether rise from 1.1409 is just a correction, or developing into a long term up trend.

Daily Pivots: (S1) 1.3881; (P) 1.3933; (R1) 1.4027; More….

GBP/USD’s rally is still in progress and reaches as high as 1.4035 so far. Intraday bias remains on the upside for 1.4376 long term resistance next. On the downside, break of 1.3950 minor support will turn intraday bias neutral, and bring consolidations, before staging another rally.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. Decisive break there will carry larger bullish implication. On the downside, break of 1.2675 support is needed to indicate completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

Daily Pivots: (S1) 1.3881; (P) 1.3933; (R1) 1.4027; More….

Intraday bias in GBP/USD remains on the upside at this point. Current rally should target 1.4376 long term resistance next. On the downside, break of 1.3828 support will indicate short term topping, and bring deeper pull back instead.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. Decisive break there will carry larger bullish implication. On the downside, break of 1.2675 support is needed to indicate completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

Daily Pivots: (S1) 1.3827; (P) 1.3867; (R1) 1.3905; More….

GBP/USD’s up trend resumes after brief consolidation and hits as high as 1.3977 so far. Intraday bias is back on the upside. Current rise from 1.1409 should target 1.4376 long term resistance next. On the downside, break of 1.3828 support will indicate short term topping, and bring deeper pull back instead.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. Decisive break there will carry larger bullish implication. On the downside, break of 1.2675 support is needed to indicate completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

Daily Pivots: (S1) 1.3827; (P) 1.3867; (R1) 1.3905; More….

Intraday bias in GBP/USD remains neutral for consolidation from 1.3951. Deeper fall cannot be ruled out. But strong support should be seen in 1.3564/3758 zone to contain downside. On the upside, sustained break of 1.3951 will extend the up trend from 1.1409 to 1.4376 long term resistance next.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. Decisive break there will carry larger bullish implication. On the downside, break of 1.2675 support is needed to indicate completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

Daily Pivots: (S1) 1.3865; (P) 1.3908; (R1) 1.3948; More….

GBP/USD’s correction from 1.3951 is extending and deeper fall could be seen. Strong support should be seen in 1.3564/3758 zone to contain downside. On the upside, sustained break of 1.3951 will extend the up trend from 1.1409 to 1.4376 long term resistance next.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. Decisive break there will carry larger bullish implication. On the downside, break of 1.2675 support is needed to indicate completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

Daily Pivots: (S1) 1.3865; (P) 1.3908; (R1) 1.3948; More….

A temporary top should be formed at 1.3951 in GBP/USD, just ahead of 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956. Intraday bias is turned neutral for some consolidations first. Deeper pull back cannot be ruled out. But strong support should be seen in 1.3564/3758 zone to contain downside. On the upside, sustained break of 1.3956 will extend the up trend from 1.1409 to 1.4376 long tem resistance next.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. Decisive break there will carry larger bullish implication. On the downside, break of 1.2675 support is needed to indicate completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

Daily Pivots: (S1) 1.3865; (P) 1.3892; (R1) 1.3933; More….

With 1.3865 minor support intact, further rise is expected in GBP/USD. Break of 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956 will extend the up trend from 1.1409 to 1.4376 long tem resistance next. On the downside, break of 1.3865 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. Decisive break there will carry larger bullish implication. On the downside, break of 1.2675 support is needed to indicate completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

Daily Pivots: (S1) 1.3865; (P) 1.3892; (R1) 1.3933; More….

GBP/USD’s rally is still in progress and intraday bias remains on the upside. Break of 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956 will extend the up trend form 1.1409 to 1.4376 long tem resistance next. On the downside, break of 1.3865 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. Decisive break there will carry larger bullish implication. On the downside, break of 1.2675 support is needed to indicate completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

Daily Pivots: (S1) 1.3798; (P) 1.3831; (R1) 1.3885; More….

Intraday bias in GBP/USD remains on the upside at this point. Current up trend from 1.1409 should target 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956. Break there will target 1.4376 long tem resistance next. On the downside, break of 1.3774 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. Decisive break there will carry larger bullish implication. On the downside, break of 1.2675 support is needed to indicate completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

Daily Pivots: (S1) 1.3798; (P) 1.3831; (R1) 1.3885; More….

GBP/USD’s up trend resumes today by taking out 1.3864 and hits as high as 1.3909 so far. Intraday bias is back on the upside. Current up trend from 1.1409 should target 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956. Break there will target 1.4376 long tem resistance next. On the downside, break of 1.3774 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. Decisive break there will carry larger bullish implication. On the downside, break of 1.2675 support is needed to indicate completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

GBP/USD’s up trend continued to 1.3865 last week but retreated since then. Initial bias is neutral this week for consolidations first. In case of another fall, downside should be contained well above 1.3564 support to bring another rise. Break of 1.3865 will resume larger up trend from 1.1409 to 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956 next.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. On the downside, break of 1.2675 support is needed to indicate completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

In the longer term picture, a long term bottom should be in place at 1.1409, on bullish convergence condition in monthly MACD. Rise from there would target 38.2% retracement of 2.1161 to 1.1409 at 1.5134. Reaction from there would reveal whether rise from 1.1409 is just a correction, or developing into a long term up trend.

Daily Pivots: (S1) 1.3792; (P) 1.3825; (R1) 1.3850; More….

Outlook is GBP/USD remains unchanged. Intraday bias stays neutral and more consolidation could be seen below 1.3865 temporary top. But downside should be contained well above 1.3964 support to bring another rally. On the upside, break of 1.3865 will resume the up trend from 1.1409 to 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956 next.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. Decisive break there will carry larger bullish implications and open the case of long term up trend. On the downside, break of 1.2675 support is needed to indicate completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

Daily Pivots: (S1) 1.3792; (P) 1.3825; (R1) 1.3850; More….

Intraday bias in GBP/USD remains neutral for consolidation below 1.3865 temporary top. In case of deeper retreat, downside should be contained well above 1.3964 support to bring another rally. On the upside, break of 1.3865 will resume the up trend from 1.1409 to 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956 next.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. Decisive break there will carry larger bullish implications and open the case of long term up trend. On the downside, break of 1.2675 support is needed to indicate completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

Daily Pivots: (S1) 1.3803; (P) 1.3834; (R1) 1.3866; More….

A temporary top is formed at 1.3865 in GBP/USD and intraday bias turned neutral for consolidations. Downside of retreat should be contained well above 1.3964 support to bring another rally. On the upside, break of 1.3865 will resume the up trend from 1.1409 to 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956 next.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. Decisive break there will carry larger bullish implications and open the case of long term up trend. On the downside, break of 1.2675 support is needed to indicate completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

Daily Pivots: (S1) 1.3803; (P) 1.3834; (R1) 1.3866; More….

Intraday bias in GBP/USD remains on the upside at this point. Current up trend from 1.1409 is in progress for 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956 next. On the downside, break of 1.3758 support will turn bias neutral and bring consolidations. But outlook will stay bullish as long as 1.3564 support holds.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. Decisive break there will carry larger bullish implications and open the case of long term up trend. On the downside, break of 1.2675 support is needed to indicate completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.

Daily Pivots: (S1) 1.3765; (P) 1.3792; (R1) 1.3848; More….

GBP/USD reaches as high as 1.3855 so far and intraday bias remains on the upside. Current up trend from 1.1409 is in progress for 61.8% projection of 1.1409 to 1.3482 from 1.2675 at 1.3956 next. On the downside, break of 1.3758 support will turn bias neutral and bring consolidations. But outlook will stay bullish as long as 1.3564 support holds.

In the bigger picture, rise from 1.1409 medium term bottom is in progress. Further rally would be seen to 1.4376 resistance and above. Decisive break there will carry larger bullish implications and open the case of long term up trend. On the downside, break of 1.2675 support is needed to indicate completion of the rise. Otherwise, outlook will stay cautiously bullish even in case of deep pullback.