The GBPUSD was indecisive yesterday. Price attempted to push higher topped at 1.2836 but closed lower at the opening price (1.2799). The bias remains bearish in nearest term as a part of the bearish phase after broke below the daily EMA 200 and the trend line support as you can see on my daily chart below testing 1.2750 – 1.2700 area.
Immediate resistance is seen around 1.2850. A clear break above that area could lead price to neutral zone in nearest term but only a clear break back above 1.2915 could interrupt the current short-term bearish outlook. Overall I remain neutral.
The GBPUSD was indecisive last week. The pair attempted to push lower, bottomed at 1.2773 but closed higher at 1.2876. Price gapped higher earlier today, opened at 1.2923 but traded lower around 1.2885 at the time I wrote this comment. As you can see on my daily chart below, price retreat from the violated trend line support and 1.2915 key resistance, which keeps the bearish phase intact. The bias is neutral in nearest term.
Immediate support is seen around 1.2830. A clear break and daily close below that area could trigger further bearish pressure testing 1.2700 region. On the upside, a clear break and daily close above 1.2915 would interrupt the current bearish phase testing 1.3000 – 1.3030 resistance area. Overall I remain neutral.
The GBPUSD printed a bullish pin bar formation on daily chart after a rejection to move below the daily EMA 200 as you can see on my daily chart below and closed above 1.2915 key resistance. Overall I remain neutral but the bias is bullish in nearest term testing 1.3000 – 1.3030 resistance area.
Immediate support is seen around 1.2870 (daily EMA 200). A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear.
The GBPUSD attempted to push higher yesterday topped at 1.2978 but whipsawed to the downside and closed lower at 1.2916. As you can see on my daily chart below we have a bearish pin bar after a bullish pin bar, suggests no clear winner between buyers and sellers. The bias is neutral in nearest term.
Immediate support is seen around 1.2870. A clear break and daily close below that area could trigger further bearish pressure testing 1.2775/00 region. Immediate resistance is seen around 1.2980. A clear break and daily close above that area could trigger further bullish pressure testing 1.3050 or higher. Overall I remain neutral.
The GBPUSD had another indecisive movement yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term. Price has been moving sideways between 1.2980 – 1.2870 range area since Monday and we need a clear break from that range area to see clearer direction.
A clear break and daily close below 1.2870 would expose 1.2775/00 region. On the other hand, a clear break and daily close above 1.2980 would expose 1.3050 – 1.3100 region or higher. Overall I remain neutral.
The GBPUSD attempted to push lower yesterday slipped below 1.2870 but whipsawed to the upside and closed higher at 1.2928 and hit 1.2947 earlier today in Asian session. The bias is bullish in nearest term but price is still trapped between 1.2980 – 1.2870 range area and need a clear break from that range area to see clearer direction.
A clear break and daily/weekly close above 1.2980 would expose 1.3125 area next week. On the other hand, a clear break and daily/weekly close below 1.2870 would expose 1.2700 area next week. Overall I remain neutral.
The GBPUSD was indecisive last week. Price has been moving sideways without clear direction between 1.2980 – 1.2870 as you can see on my daily chart below and we need a clear break from that range area to see clearer direction. The bias is neutral in nearest term.
A clear break and consistent movement above 1.2980 could trigger further bullish pressure testing 1.3030 before targeting 1.3125 region. On the downside, a clear break and daily close below 1.2870 would expose 1.2700 area or lower. Overall I remain neutral.
The GBPUSD didn’t make significant movement yesterday and still trapped between 1.2980 – 1.2870 range area as you can see on my daily chart below. There are no changes in my technical outlook. The bias remains neutral in nearest term and we need a clear break from that range area to see clearer direction.
A clear break and daily close above 1.2980 could trigger further bullish pressure testing 1.3030 before targeting 1.3125 region. On the other hand, a clear break and daily close below 1.2870 would expose 1.2700 area or lower. Overall I remain neutral.
The GBPUSD had a significant bullish momentum yesterday, broke above the range area as you can see on my daily chart below, topped at 1.3042 and hit 1.3044 earlier today in Asian session. The bias is bullish in nearest term testing 1.3125 region.
Immediate support is seen around 1.2980 (former resistance). A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.
The GBPUSD attempted to push higher yesterday topped at 1.3082 but closed lower at 1.3041, formed a bearish pin bar as you can see on my daily chart below, suggests a potential bearish view. The bias is bearish in nearest term testing 1.2980 support area.
Immediate resistance is seen around 1.3082. A clear break above that area would nullify the bearish pin bar scenario targeting 1.3125/60 region as nearest bullish target. Overall I remain neutral.
