TheNews

The near term outlook remains bullish for the US Dollar as rate differentials continue to move in favour of the greenback. By the way, the daily GBP/USD price is on secondary ranging located near and below monthly Pivot level (monthly PP) at 1.3218 and above S1 level at 1.2999.
- If the daily price breaks monthly PP level at 1.3218 to above so the daily bullish reversal will be started.
- If the daily price breaks S1 level to below so the primary bearish trend will be resumed.
- Alternatively, the daily price will be ranging within the levels waiting for direction.
The chart (above) was made by using AllPivots_v4.7 600+ indicator (for MT4, the indicator is attached to the post).

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