GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2235; (P) 1.2263; (R1) 1.2314; More Intraday bias in GBP/USD stays on the upside at this point. Rebound from 1.2036 short term bottom is in progress for near term channel resistance (now at 1.2338). Firm break there will target 38.2% retracement of 1.3141 to 1.2036 at 1.2458 next. Nevertheless, break of 1.2161 […]

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