The GBPUSD had a bullish momentum yesterday topped at 1.3115 and hit 1.3138 earlier today in Asian session. This fact nullifies the bearish pin bar scenario and changes the technical bias to the upside. The bias is bullish in nearest term testing 1.3165.
A clear break above that area could trigger further bullish pressure testing 1.3200 – 1.3265 resistance area. Immediate support is seen around 1.3082. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear.
The GBPUSD had a bullish momentum last week, topped at 1.3224 as a part of the bullish run after the false break below the EMA 200 as you can see on my daily chart below. The bias is bullish in nearest term testing 1.3265 key resistance.
A clear break and daily close above that area would activate my bullish mode targeting 1.3500 region. Immediate support is seen around 1.3165 followed by 1.3100 – 1.3082 region.
The GBPUSD attempted to push higher yesterday topped at 1.3222 but closed lower at 1.3162, formed a bearish pin bar formation as you can see on my daily chart below. The bias is bearish in nearest term testing 1.3082 support area.
Immediate resistance is seen around 1.3220. A clear break above that area could lead price to neutral zone in nearest term testing 1.3265 resistance area or higher. Overall I remain neutral but a clear break above 1.3265 will activate my bullish mode.
The GBPUSD had a bullish momentum yesterday close above 1.3265 key resistance. This fact activates my bullish mode. The bias is bullish in nearest term testing 1.3400 region.
Immediate support is seen around 1.3265 followed by 1.3220. A clear break and daily close back below 1.3220 would reactivate my neutral mode as direction would become unclear. On the upside, a clear break and daily close above 1.3400 would expose 1.3500 region.
The GBPUSD failed to continue its bullish momentum yesterday bottomed at 1.3184. Price is still moving above the EMA 200 as you can see on my H4 chart below suggests a valid bullish trend, but we may have a false breakout (above 1.3265) bearish scenario here, at least in short-term time frame. The bias is bearish in nearest term testing 1.3160 – 1.3082 support area.
Immediate resistance is seen around 1.3265. A clear break and daily close above that area would keep the 4H chart bullish bias remain strong testing 1.3350 – 1.3400 area before targeting 1.3500 region.
The GBPUSD had a strong bullish momentum yesterday topped at 1.3405 after bounced off 1.3150 support area and the EMA 200 as you can see on my H1 chart below . The bias is bullish in nearest term testing 1.3500 area.
Immediate support is seen around 1.3330. A clear break below that area could lead price to neutral zone in nearest term testing 1.3265 region but overall I am bullish on this pair and any downside pullback should be seen as a good opportunity to buy.
The GBPUSD continued its bullish momentum last week, topped at 1.3616. Price is moving strongly above the EMA 200 on H1, H4 and daily chart suggests a valid and strong bullish trend. The bias remains bullish in nearest term testing 1.3700 – 1.3750 area.
Immediate support is seen around 1.3500. A clear break below that area could lead price to neutral zone in nearest term testing 1.3450 – 1.3400 region but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
The GBPUSD was corrected lower yesterday after formed a double top formation as you can see on my H1 chart below, bottomed at 1.3464. The bias is neutral in nearest term probably with a little bearish bias testing 1.3400 support area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
Immediate resistance is seen around 1.3550. A clear break above that area could trigger further bullish pressure testing 1.3615 key resistance which need to be clearly broken to the upside to continue the bullish scenario targeting 1.3700 – 1.3750 region. On the downside, only a break below 1.3150 key support would nullify the major bullish bias.
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. Overall I remain bullish but price is still in a bearish correction/consolidation phase after formed a double top formation as you can see on my H1 chart below. Immediate support is seen around 1.3465 followed by 1.3400 region.
Immediate resistance is seen around 1.3550. A clear break above that area could trigger further bullish pressure retesting 1.3615 key resistance which need to be clearly broken to the upside to continue the bullish scenario targeting 1.3700 – 1.3750 area.
The GBPUSD attempted to push higher yesterday slipped above 1.3615 resistance area but whipsawed to the downside and closed lower at 1.3492. We have a bearish pin bar formation as you can see on my daily chart below following a false breakout above 1.3615 resistance suggests a potential bearish pullback scenario. The bias is bearish in nearest term testing 1.3400 area.
Immediate resistance is seen around 1.3550. A clear break above that area could lead price to neutral zone in nearest term retesting 1.3615 resistance area which need to be clearly broken to the upside to continue the major bullish scenario targeting 1.3700 – 1.3750 area.
