Daily Pivots: (S1) 1.2052; (P) 1.2123; (R1) 1.2189; More… Despite recovering to 1.2192, GBP/USD failed to sustain above 4 hour 55 EMA and retreated. Intraday bias is turned neutral again. On the upside, break of 1.2192 will affirm the case that corrective pattern from 1.2445 has completed with three waves to 1.1960. Further rise would […]
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Key Highlights GBP/USD started a recovery wave above 1.3380. A major bearish trend line is forming with resistance at 1.3450 on the 4-hour chart. Crude oil prices saw heavy swing moves above the $80.00 pivot Read more…
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