Кaрты Инстa Форекс

Daily Pivots: (S1) ; (P) ; (R1) ; More&#;

Intraday bias in GBP/USD remains in for the moment and outlook is unchanged. On the upside, break of resistance will indicate that correction from has completed. Intraday bias will be back on the upside for retesting Nevertheless, decisive break of will argue that whole rise from has completed and turn near term outlook bearish.

In the bigger picture, price actions from medium term top are seen as a corrective pattern to up trend from ( low). Rise from is seen as the second leg, which could be still in progress. But upside should be limited by to bring the third leg of the pattern. Meanwhile, break of support will argue that the third leg has already started for % retracement of ( low) to at again.