The GBPUSD attempted to push lower yesterday bottomed at 1.4090 but closed higher at 1.4151. The bias is neutral in nearest term.
Immediate resistance is seen around 1.4210. A clear break and daily/weekly close above that area could trigger further bullish pressure next week testing 1.4400 region. Immediate support is seen around 1.4090 followed by 1.4000.
The GBPUSD had another indecisive movement last week. A quick look at H1 chart as you can see on my H1 chart below shows that price has been moving sideways between 1.4400 – 1.4000 without clear direction. The bias is neutral in nearest term.
Immediate support is seen around 1.4150. A clear break below that area could trigger further bearish pressure testing 1.4100 area or lower. Immediate resistance is seen around 1.4210 – 1.4240.
A clear break and daily close above that area could trigger further bullish pressure testing 1.4400 area which remains a good place to sell. My major technical outlook remains neutral.
The GBPUSD attempted to push lower yesterday bottomed at 1.4131 but whipsawed to the upside and closed higher at 1.4275. The bias is bullish in nearest term testing 1.4350 – 1.4400 which remains a good place to sell.
Immediate support is seen around 1.4240. A clear break below that area could lead price to neutral zone in nearest term testing 1.4200 region. My major technical outlook remains neutral.
The GBPUSD attempted to push higher yesterday topped at 1.4440 but whipsawed to the downside and closed lower at 1.4320. The bias is bearish in nearest term testing 1.4240 region.
Key resistance remains between 1.4400 – 1.4500 which remains a good area to sell with a tight stop loss above 1.4500. My major technical outlook remains neutral.
The GBPUSD had a bullish momentum yesterday topped at 1.4638. The bias is bullish in nearest term testing 1.4670 resistance area. Immediate support is seen around 1.4540.
A clear break below that area could lead price to neutral zone in nearest term testing 1.4500 area or lower. On the upside, a clear break and daily close above 1.4670 could trigger further bullish pressure testing 1.4750 key resistance (daily EMA 200).
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. My major technical outlook remains neutral with key intraday resistance seen around 1.4670 as you can see on my H4 chart below. As long as stay below 1.4670 I prefer a bearish intraday scenario at this phase.
Immediate support is seen around 1.4500 – 1.4470 area. A clear break and daily close below that area could trigger further bearish pressure testing 1.4400 region. On the upside, a clear break and daily close above 1.4670 could trigger further bullish pressure testing 1.4750 key resistance (daily EMA 200).
The GBPUSD had a bullish momentum yesterday topped at 1.4622. The bias is bullish in nearest term testing 1.4670 which is a good place to sell with a tight stop loss.
Immediate support is seen around 1.4550. A clear break below that area could lead price to neutral zone in nearest term testing 1.4500 area.
On the upside, a clear break and daily/weekly close above 1.4670 could trigger further bullish pressure testing 1.4750 key resistance (daily EMA 200).
The GBPUSD continued its bullish momentum yesterday and now struggling around 1.4670. The bias is bullish in nearest term testing the daily EMA 200 located around 1.4750.
Immediate support is seen around 1.4620. A clear break below that area could lead price to neutral zone in nearest term testing 1.4580 or lower. My major technical outlook remains neutral.
The GBPUSD attempted to push higher yesterday slipped above the daily EMA 200 but whipsawed to the downside and closed lower at 1.4534. The bias is bearish in nearest term testing 1.4400 area.
Immediate resistance is seen around 1.4600. A clear break above that area could lead price to neutral zone in nearest term testing 1.4670 but key resistance remains around the daily EMA 200 located around 1.4750.
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish bias since the false breakout above the daily EMA 200 as you can see on my daily chart below. The bias is bearish in nearest term testing 1.4400 – 1.4350 region.
Immediate resistance is seen around 1.4530. A clear break above that area could lead price to neutral zone in nearest term testing 1.4600 region but key resistance remains around the daily EMA 200 located around 1.4750.
