Similar to the EURUSD, the GBPUSD has broken to multi-day lows but the larger bullish bias is intact as long as price is above 1.9362.
Today’s low (1.9525) is at the 78.6% of 1.9362-1.9850. As long as 1.9362 is intact, the GBPUSD is expected to exceed 1.9850 and reach resistance from daily highs just shy of 2.0250.
STRATEGY: Bullish, against 1.9362, target above 1.9850