Pairs traded by the liquidity and volatility are very high on the trading session yesterday. Having traded down to 1.5950 with a range of direct pair traded daily rose up to R1 Yesterday the Resistance 1.6140 1.6163 where the violation. After touching that level loses momentum and the pair look back to the range of pivot traded daily in the morning session today is 1.6068. Bias in the morning session today in a state still bullish. Beware if the range of daily Pivot up to the range of 1.6040 is confirmed as the support, then the pair will potentially strengthen traded up to 1.6175 or range Highest range of trading yesterday followed by 1.63 for the higher resistance.
GBPUSD traded with a 41 point range that is 32% of Average 130 points and have been trading higher +0.04% +0.10% with High and Low -0.16% from the close of trading yesterday.
Intraday Resistance R1 1.6175 - 1.6269 R2 - 1.63
Intraday support 1.6068 Daily Pivot - 1.6040 - 1.5950
GBPUSD traded with a 41 point range that is 32% of Average 130 points and have been trading higher +0.04% +0.10% with High and Low -0.16% from the close of trading yesterday.
Intraday Resistance R1 1.6175 - 1.6269 R2 - 1.63
Intraday support 1.6068 Daily Pivot - 1.6040 - 1.5950
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