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GBP/USD : Daily Analysis from Forex Instructor

GBPUSD Forecast. 22/9/2017

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The GBPUSD had a bullish momentum yesterday topped at 1.3586. The bias is bullish in nearest term testing 1.3615/50 key resistance area which need to be clearly broken to the upside to nullify the bearish pin bar scenario and continue the major bullish scenario targeting 1.3700 – 1.3750 region.

Immediate support is seen around 1.3520. A clear break below that area could lead price to neutral zone in nearest term testing 1.3470 region or lower. Overall I remain bullish.
 
GBPUSD Forecast. 25/9/2017

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The GBPUSD attempted to push higher last week slipped above 1.3615 key resistance but whipsawed to the downside and closed lower at 1.3484. Overall I remain bullish but the bias is bearish in nearest term testing 1.3400 – 1.3330 support area which is a good place to buy.

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 key resistance which need to be clearly broken to the upside to continue the bullish scenario targeting 1.3700 – 1.3750 area as nearest bullish target. On the downside, a clear break below 1.3330 support area would take price to a bearish correction zone testing 1.3150 key support.
 
GBPUSD Forecast. 27/9/2017

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The GBPUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 1.3400 – 1.3330 support area which is a good place to buy with a tight stop loss as a clear break below 1.3330 would take price to a bearish correction zone.

Immediate resistance is seen around 1.3515. A clear break above that area could trigger further bullish pressure testing 1.3570 area or higher. Overall I remain bullish.
 
GBPUSD Forecast. 28/9/2017

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The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. As you can see on my H1 chart below, price is moving at my buy zone (1.3400 – 1.3330) which is a good place to buy with a tight stop loss below 1.3330 as a clear break below that area would trigger a deeper bearish correction testing 1.3150 key support area.

Immediate resistance is seen around 1.3430. A clear break above that area could lead price to neutral zone in nearest term testing 1.3500 – 1.3550 area which need to be clearly broken to the upside to challenge 1.3615 key resistance level which need to be clearly broken to the upside to continue the major bullish scenario.
 
GBPUSD Forecast. 29/9/2017

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The GBPUSD had a moderate bullish momentum yesterday topped at 1.3455. The bias is neutral in nearest term probably with a little bullish bias testing 1.3500 – 1.3550 region. On the downside, 1.3400 – 1.3330 area remains a key support and good place to buy with a tight stop loss below 1.3330 as a clear break below that area would take price to a bearish correction zone testing 1.3150 support area.

On the upside, a clear break above 1.3550 would expose 1.3615 key resistance which need to be clearly broken to the upside to continue the major bullish scenario.
 
GBPUSD Forecast. 2/10/2017

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The GBPUSD continued to trade lower last week, hit a fresh two-week low at 1.3342. The bias is neutral in nearest term. Overall I remain bullish and 1.3400 – 1.3330 support area remains a good place to buy with a tight stop loss below 1.3330 as a clear break below that area would take price to a bearish correction zone testing 1.3150 region.

Immediate resistance is seen around 1.3455. A clear break and daily close above that area could trigger further bullish pressure testing 1.3515 – 1.3570 region but key resistance remains at 1.3615.
 
GBPUSD Forecast. 3/10/2017

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The GBPUSD had a significant bearish momentum yesterday broke below 1.3330 support area, bottomed at 1.3256 and hit 1.3241 earlier today in Asian session. Price is in a bearish correction zone now. The bias is bearish in nearest term testing 1.3150 region.

Immediate resistance is seen around 1.3300 – 1.3330 region. A clear break above that area could lead price to neutral zone in nearest term testing 1.3400 area. Overall I remain bullish but need a clear break at least above 1.3400 to potentially end the current bearish correction phase.
 
GBPUSD Forecast. 4/10/2017

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GBPUSD terus diperdagangkan dengan rendah semalam pada 1.3222 tetapi didagangkan sedikit lebih tinggi pada awal hari ini di sesi Asia pada 1.3273. Bias tetap menurun dalam ujian mendekati zon 1.3150. Resistance segera dilihat pada sekitar kawasan 1.3300 - 1.3330.

Break yang jelas di atas kawasan tersebut boleh membawa harga ke zon neutral dalam jangka masa terdekat. Secara keseluruhannya, saya kekal dengan menaik tetapi memerlukan break yang jelas sekurang-kurangnya di atas 1.3400 bagi menamatkan fasa pembetulan penurunan harga semasa.
 
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GBPUSD Forecast. 5/10/2017

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GBPUSD tidak menentu semalam tetapi secara keseluruhan masih dapat mengekalkan bias BEARISH CORRECTION setakat ini. Bias tetap menurun dalam ujian mendekati 1.3150.

Rintangan segera dilihat pada sekitar zon 1.3300/30. Break yang jelas di atas kawasan itu boleh membawa harga ke zon neutral dalam ujian mendekati zon 1.3400 yang perlu dipecahkan dengan jelas bagi berpotensi menamatkan fasa pembetulan penurunan harga semasa.
 
GBPUSD Forecast. 6/10/2017

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GBPUSD terus diperdagangkan dengan rendah semalam, memecah di bawah kawasan sokongan 1.3150, pada 1.3107. Bias kekal menurun dalam ujian mendekati 1.3030. Break yang jelas dan penutupan harga harian/mingguan di bawah kawasan tersebut boleh mencetuskan tekanan penurunan harga yang lebih tinggi menguji EMA 200 harian dan sokongan garisan trend seperti yang dapat anda lihat pada carta harian saya, yang terletak di sekitar zon 1.2980/50.

Rintangan segera dilihat pada sekitar 1.3150. Break yang jelas di atas kawasan tersebut boleh membawa harga ke zon neutral dalam jangka terdekat tetapi selagi berada di bawah 1.3400 harga masih dalam fasa pembetulan penurunan harga.
 

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