The British Pound posted an outside-day reversal off slope support last week, shifting our near-term focus higher in price. The recovery has now pulled back from the monthly open and IF prices are indeed heading higher, this decline may offer near-term entries on the long-side. These are the updated intraday targets & invalidations levels that matter for GBP/USD. Technical Outlook: In last week’s Technical Perspective on the British Pound, we highlighted a confluence support zone in GBP/USD around ~1.3164, “This region is defined by the 50% retracement of the post-Brexit advance and converges on the lower ... (full story)