The GBPUSD attempted to push higher yesterday topped at 1.3375 but whipsawed to the downside and closed lower at 1.3301. The bias is bearish in nearest term testing 1.3250. A clear break and daily close below that area would expose 1.3150 or lower.
On the upside, 1.3370 remains a key resistance and a good place to sell with a tight stop loss as a clear break above that area would expose 1.3500. As long as stay below 1.3500 my major technical outlook remains bearish.
The GBPUSD had a bullish momentum yesterday broke above 1.3370 and topped at 1.3444. The bias is bullish in nearest term testing 1.3500 key resistance which is a good place to sell with a tight stop loss as a clear break above 1.3500 not only would interrupt the bearish outlook since the Brexit but could be an early signal of a bullish reversal scenario.
Immediate support is seen around 1.3370. A clear break below that area could lead price to neutral zone in nearest term testing 1.3300 region.
The GBPUSD failed to continue its bullish momentum yesterday bottomed at 1.3319. The bias is neutral in nearest term probably with a little bearish bias testing 1.3250 support area.
Immediate resistance is seen around 1.3375. A clear break above that area could trigger further bullish pressure testing 1.3450 but key resistance remains around 1.3500 which is a good place to sell with a tight stop loss.
The GBPUSD had a moderate bearish momentum yesterday bottomed at 1.3283. The bias remains neutral in nearest term probably with a little bearish bias testing 1.3250 region. A clear break and daily/weekly close below that area would expose 1.3100 – 1.3050 region next week.
Immediate resistance is seen around 1.3375. A clear break and daily/weekly close above that area could trigger further bullish pressure testing 1.3500 key resistance which is a good place to sell with a tight stop loss.
The GBPUSD attempted to push higher last week topped at 1.3444 but closed lower at 1.3270. The bias is neutral in nearest term probably with a little bearish bias testing 1.3200 – 1.3150 region.
Immediate resistance is seen around 1.3300. A clear break above that area could trigger further bullish pressure testing 1.3350 – 1.3400 region. Overall, as long as stay below 1.3500 I remain bearish.
The GBPUSD had a bullish momentum yesterday topped at 1.3346. The bias is bullish in nearest term testing 1.3400 area but key resistance remains around 1.3500 which is a good place to sell with a tight stop loss.
Immediate support is seen around 1.3300. A clear break below that area could lead price to neutral zone in nearest term testing 1.3250 or lower.
The GBPUSD had a bearish momentum yesterday bottomed at 1.3167. The bias is bearish in nearest term testing 1.3100 – 1.3050 region.
Immediate resistance is seen around 1.3230. A clear break above that area could lead price to neutral zone in nearest term testing 1.3300 region but as long as stay below 1.3500 I remain bearish.
The GBPUSD attempted to push lower yesterday bottomed at 1.3138 but whipsawed to the upside and closed higher at 1.3231 and hit 1.3278 earlier today. The bias is bullish in nearest term testing 1.3350 region.
Immediate support is seen around 1.3200. A clear break below that area could lead price to neutral zone in nearest term retesting 1.3138. Overall, as long as stay below 1.13500 I remain bearish.
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 1.3280. A clear break above that area could trigger further bullish pressure testing 1.3350 region.
Immediate support is seen around 1.3180. A clear break below that area could trigger further bearish pressure testing 1.3140/00 region. Overall, as long as stay below 1.3500 I remain bearish.
The GBPUSD had a bearish momentum last week bottomed at 1.2997. The bias is bearish in nearest term testing 1.2900 region.
Immediate resistance is seen around 1.3075. A clear break above that area could lead price to neutral zone in nearest term testing 1.3150 but overall as long as stay below 1.3500 I remain bearish. On the downside, a clear break and daily close below 1.2900 would expose 1.2790 region.
