The GBPUSD had a bullish momentum yesterday topped at 1.4717 but traded lower earlier today hit 1.4630. The bias is bullish in nearest term but 1.4700 area is a good place to sell with a tight stop loss. Immediate support is seen around 1.4615.
A clear break below that area could lead price to neutral zone in nearest term testing 1.4550 or lower. On the upside, a clear break and daily close above 1.4700 would activate my bullish mode.
The GBPUSD had a bullish momentum yesterday and hit 1.4842 earlier today. The bias is bullish in nearest term testing 1.4900 before targeting 1.5000. Immediate support is seen around 1.4770.
A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 1.4700 I prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.
The GBPUSD was corrected higher yesterday topped at 1.3418 but closed lower and hit 1.3291 earlier today. The bias is neutral in nearest term. Immediate support is seen around 1.3270.
A clear break below that area could trigger further bearish pressure testing 1.3200 area or lower. Immediate resistance is seen around 1.3370 followed by 1.3420. My overall technical bias remains bearish.
The GBPUSD attempted to push higher yesterday topped at 1.3533 but closed lower at 1.3422. The bias remains neutral in nearest term but as long as stay below 1.3650 my overall technical outlook remain strongly bearish as a result of Brexit referendum last week.
Immediate support is seen around 1.3385. A clear break below that area could trigger further bearish pressure testing 1.3300 or lower.
The GBPUSD continued its bearish momentum last week bottomed at 1.3119 but closed higher at 1.3270. The bias is bearish in nearest term testing 1.3200. Immediate resistance is seen around 1.3350.
A clear break above that area could lead price to neutral zone in nearest term testing 1.3400 or higher but as long as stay below 1.3650 my overall technical bias remains strongly bearish.
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish bias. The bias remains bearish in nearest term testing 1.3200. Immediate resistance is seen around 1.3300 followed by 1.3350 but key resistance remains around 1.3650.
On the downside, a clear break and daily close below 1.3200 could trigger further bearish pressure testing 1.3100 – 1.3000 this week.
The GBPUSD attempted to push lower yesterday bottomed at 1.2790 but closed higher at 1.2926. As you can see on my daily chart below, we have a hammer formation, suggests a potential bullish correction/reversal scenario.
While some may argue over whether that is a valid hammer formation, for me any indecisive movement should be seen as a potential threat to current trend (bearish). The bias is neutral in nearest term. Immediate support is seen around 1.2860.
A clear break below that area could trigger further bearish pressure testing 1.2790 region. Immediate resistance is seen around 1.3015. A clear break and daily close above that area would give further confirmation of bullish correction/reversal scenario.
The GBPUSD continued its bearish momentum last week bottomed at 1.2790 but closed higher at 1.2951. The bias is neutral in nearest term. The hammer formation formed on July 06 on daily chart wasn’t followed by a bullish candle suggests a weak bullish correction/reversal scenario. Immediate support is seen around 1.2900.
A clear break and daily close below that area could trigger further bearish pressure retesting 1.2790. Immediate resistance is seen around 1.3000 followed by 1.3050. A clear break and daily close above that area would give the hammer bullish scenario a better chance challenging 1.3220 region.
The GBPUSD had a bullish momentum yesterday topped at 1.3294 and hit 1.3336 earlier today in Asian session. The bias remains bullish in nearest term testing 1.3400 region. A clear break and daily close above that area could trigger further bullish pullback testing 1.3650.
Immediate support is seen around 1.3220. A clear break back below that area could lead price to neutral zone in nearest term but as long as stay above 1.3000 I believe price is still in a bullish correction bias after formed a hammer formation as you can see on my daily chart below.
