GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2369; (P) 1.2438; (R1) 1.2478; More… GBP/USD’s decline continues today and intraday bias stays on the downside. Current fall from 1.3141 should target 100% projection of 1.3141 to 1.2618 from 1.2799 at 1.2276. On the upside, however, firm break of 1.2547 resistance will now indicate short term bottoming, and bring stronger rebound. […]

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