GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2235; (P) 1.2263; (R1) 1.2314; More GBP/USD’s break of 1.2270 resistance suggests that a short term bottom was already formed at 1.2036, after hitting 1.2075 fibonacci level. Intraday bias is back on the upside. Firm break of near term channel resistance (now at 1.2347) will target 38.2% retracement of 1.3141 to 1.2036 […]

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