Daily Pivots: (S1) 1.2909; (P) 1.2938; (R1) 1.2974; More… Intraday bias in GBP/USD remains neutral first. On the downside, break of 1.2886 will resume the correction from 1.3013 and turn bias to the downside. But downside should be contained by 38.2% retracement of 1.2248 to 1.3013 at 1.2721 to bring rebound. On the upside, break […]
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GBP/USD faces tough resistance around 20-SMA and 61.8% Fibonacci. Positive momentum appears to be waning. GBPUSD continues to consolidate after the rebound from the January low of 1.2099 ran out of steam around the 1.3000 Read more…