Price Moves in GBP/USD Are Corrective

Technical Reports

Trading in the pair is on the upside. Further growth in the pair to 1.3444 is awaited. Pivot points are at: (S1) 1.3077; (P) 1.3115; (R1) 1.3168.

Price moves from 1.1946 are corrective. Upside of the pair should be limited by resistance from 61.8% projection of 1.2108 to 1.3047 from 1.2588 at 1.3168. Trend reversal in the pair is possible.

Price moves from a price actions from a medium term minimum 1.1946 are corrective. Resumption of a downtrend from 1.7190 is awaited after completion of a correction. Overcoming of 1.2588 will point out resumption of a downtrend.