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GBP/USD Mid-Day Outlook


Every day Pivots: (S1) 1.0889; (P) 1.1035; (R1) 1.1116; Extra…

Intraday bias in GBP/USD stays mildly on the draw back with 1.1178 minor resistance intact. Deeper fall could be seen to retest 1.0351 low. On the upside, above 1.1178 minor resistance will flip intraday bias impartial once more. However close to time period threat will keep on the draw back so long as 1.1494 resistance holds, in case of restoration.

Within the greater image, fall from 1.4248 (2018 excessive) is resuming long run down pattern from 2.1161 (2007 excessive). Subsequent goal is 100% projection of two.1161 to 1.3503 from 1.7190 at 0.9532. There isn’t a scope of a medium time period rebound so long as 1.1759 assist turned resistance holds.

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