GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2276; (P) 1.2307; (R1) 1.2344; More Intraday bias in GBP/USD is turned neutral first with current retreat. On the upside, firm break of near term channel resistance (now at 1.2334) will target 38.2% retracement of 1.3141 to 1.2036 at 1.2458 next. Nevertheless, break of 1.2210 minor support indicate rejection by falling trendline […]

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