GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2185; (P) 1.2215; (R1) 1.2266; More No change in GBP/USD’s outlook as consolidation form 1.2036 is still in progress. On the upside, firm break of 1.2270 resistance will confirm short term bottoming. Intraday bias will be back to the upside for stronger rebound. Nevertheless, rejection by 1.2270 will retain near term bearishness. […]

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