The GBPUSD attempted to push lower yesterday bottomed at 1.4351 but closed higher at 1.4438. The bias is neutral in nearest term probably with a little bullish bias testing 1.4520/50 region.
Immediate support is seen around 1.4400 followed by 1.4350. As you can see on my daily chart below price is moving sideways between 1.4700 – 1.4350 and need a clear break from that range area to see clearer direction.
The GBPUSD attempted to push higher yesterday topped at 1.4659 but closed lower at 1.4542. The bias is neutral in nearest term and price is still trapped between 1.4700 – 1.4350 range area as you can see on my daily chart below, which need to be clearly broken to see clearer direction.
The best trading plan for now is to sell around 1.4700 or buy around 1.4350 with a tight stop loss.
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 1.4430 region but key support remains around 1.4350. Immediate resistance is seen around 1.4600 but key resistance remains around 1.4700.
Overall there are no changes in my technical outlook. Price is still trapped between the range area as you can see on my daily chart below and the best trading plan for now is to sell around 1.4700 or buy around 1.4350 with a tight stop loss.
The GBPUSD had a moderate bearish momentum yesterday bottomed at 1.4446. The bias is bearish in nearest term testing 1.4350 arae which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.4500.
A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. Overall price is still trapped between 1.4700 – 1.4350 and need a clear break from that range area to see clearer direction.
The GBPUSD attempted to push higher last week topped at 1.4659 but whipsawed to the downside and closed lower at 1.4264 and hit 1.4158 earlier today. Price broke below my “range area” as you can see on my daily chart below suggests a potential bearish scenario targeting 1.4000 this week. The bias is bearish in nearest term testing 1.4100.
Immediate resistance is seen around 1.4225. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 1.4350 I prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish bias after the break below the range area as you can see on my daily chart below. The bias is bearish in nearest term testing 1.4100 before targeting 1.4000 this week.
Immediate resistance is seen around 1.4225 followed by 1.4265 but key resistance remains around 1.4350.
The GBPUSD had a bearish momentum yesterday bottomed at 1.4090. The bias remains bearish in nearest term testing 1.4000 area as a part of the bearish scenario after broke below the range area as you can see on my daily chart below.
Immediate resistance is seen around 1.4190. A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 1.4350 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell.
The GBPUSD had a bullish momentum yesterday topped at 1.4217. The bias is bullish in nearest term testing 1.4265 but as long as stay below 1.4350 I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell targeting 1.4000.
Immediate support is seen around 1.4150. A clear break below that area could lead price to neutral zone in nearest term testing 1.4100 or lower.
The GBPUSD attempted to push lower yesterday bottomed at 1.4012 but whipsawed to the upside, closed at 1.4202 and hit 1.4293 earlier today. The bias is bullish in nearest term testing 1.4350.
A clear break and daily/weekly close above that area could trigger further bullish pressure retesting 1.4700 next week. Immediate support is seen around 1.4200. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear.
The GBPUSD attempted to push lower last week bottomed at 1.4012 but whipsawed to the upside, closed at 1.4348 and gapped higher, opened at 1.4458 and hit 1.4610 earlier today. The bias is bullish in nearest term testing 1.4700 key resistance.
A clear break and daily close above that area would activate my bullish mode. Immediate support is seen around 1.4430. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear.
