The GBPUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 1.4450 – 1.4400 area. Immediate resistance is seen around 1.4550.
A clear break and daily close above that area could trigger further bullish pressure testing 1.4700 key resistance. My major technical outlook is neutral.
The GBPUSD had a bullish momentum yesterday topped at 1.4641. The bias is bullish in nearest term retesting 1.4700 and the daily EMA 200 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 1.4470 area. On the upside, a clear break and daily close above 1.4700 would activate my bullish mode.
The GBPUSD continued its bullish momentum yesterday and now struggling around the daily EMA 200 and 1.4700 key resistance as you can see on my daily chart below. The bias remains bullish in nearest term testing 1.4800.
A clear break and daily close above that area could trigger further bullish pressure testing 1.5000 region. Immediate support is seen around 1.4665. A clear break below that area could lead price to neutral zone in nearest term testing 1.4600 region.
The GBPUSD was indecisive yesterday. Price attempted to push higher, slipped above 1.4700 and the daily EMA 200 as you can see on my daily chart below but unable to make a clear breakout so far and hit 1.4656 earlier today.
The bias is neutral in nearest term probably with a little bearish bias testing 1.4600 – 1.4550 support area. On the upside, 1.4700 remains a key resistance. A clear break and daily/weekly close above that area would activate my bullish mode next week targeting 1.5000 area.
The GBPUSD was indecisive last week. Price attempted to push higher, slipped above 1.4700 key resistance but failed to make make a clear break above that level and closed lower at 1.4619. The bias is bearish in nearest term testing 1.4500.
Immediate resistance is seen around 1.4650 followed by 1.4700. On the upside, a clear break and daily close above 1.4700 would activate my bullish mode targeting 1.5000 region.
The GBPUSD had a bullish momentum earlier today hit 1.4704. The bias is bullish in nearest term but 1.4700 region remains a key resistance and good place to sell with a tight stop loss.
Immediate support is seen around 1.4660. A clear break below that area could lead price to neutral zone in nearest term testing 1.4600 region. On the upside, a clear break and daily close above 1.4700 would activate my bullish mode targeting 1.5000 area.
The GBPUSD had a bearish momentum yesterday after another failure to make a clear break above 1.4700 key resistance as you can see on my daily chart below, bottomed at 1.4464. The bias is bearish in nearest term testing 1.4350.
Immediate resistance is seen around 1.4550. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear.
The GBPUSD continued its bearish momentum yesterday bottomed at 1.4385. The bias remains bearish in nearest term testing 1.4350. A clear break and daily close below that area could trigger further bearish scenario testing 1.4000 area.
Immediate resistance is seen around 1.4450. A clear break above that area could lead price to neutral zone in nearest term testing 1.4500 region.
The GBPUSD attempted to push higher yesterday topped at 1.4472 but whipsawed to the downside and closed lower at 1.4420. The bias remains bearish in nearest term testing 1.4350.
A clear break and daily/weekly close below that area could trigger further bearish scenario testing 1.4000 area next week. Immediate resistance is seen around 1.4450 followed by 1.4500.
The GBPUSD was indecisive last week. As you can see on my daily chart below price is moving sideways between 1.4700 – 1.4350 and we need a clear break from that range area to see clearer direction. The bias is neutral in nearest term.
Immediate support is seen around 1.4350. A clear break and daily close below that area could trigger further bearish pressure testing 1.4000 this week.
Immediate resistance is seen around 1.4480 – 1.4500 area. A clear break and daily close above that area could trigger further bullish pressure retesting 1.4700 key resistance.
