The GBPUSD had a strong bearish momentum yesterday bottomed at 1.3102. The bias is bearish in nearest term testing 1.3100 – 1.3050 key support, which is a good place to buy with a tight stop loss as a clear break and daily/weekly close below that area could trigger further bearish scenario next week targeting 1.2850 region.
Immediate resistance is seen around 1.3180. A clear break above that area could lead price to neutral zone in nearest term testing 1.1.3220 or higher. Overall I remain bearish.
The GBPUSD attempted to push higher last week topped at 1.3371 but whipsawed to the downside closed lower at 1.3062. The bias is bearish in nearest term testing 1.3000. Immediate resistance is seen around 1.3100.
A clear break above that area could lead price to neutral zone in nearest term testing 1.3150/70 area. Overall I remain bearish but as you can see on my H4 chart below price has been moving sideways since the Brexit. Only a clear break back above 1.3500 would be a threat to the bearish outlook.
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish bias and hit 1.2977 earlier today in Asian session. The bias remains bearish in nearest term testing 1.2900 area.
Immediate resistance is seen around 1.3050. A clear break above that area could lead price to neutral zone in nearest term testing 1.3100 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
The GBPUSD had another indecisive movement yesterday but traded higher earlier today in Asian session hit 1.3082. The bias is bullish in nearest term testing 1.3100. A clear break above that area could trigger further bullish pressure testing 1.3150 – 1.3200 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
Immediate support is seen around 1.3000. A clear break below that area could lead price to neutral zone in nearest term testing 1.2950 or lower.
The GBPUSD had a moderate bearish momentum yesterday bottomed at 1.2935. The bias is bearish in nearest term testing 1.2850 – 1.2790 area. Immediate resistance is seen around 1.3000.
A clear break above that area could lead price to neutral zone in nearest term testing 1.3050 – 1.3100 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
The GBPUSD continued its bearish momentum last week bottomed at 1.2903. The bias remains bearish in nearest term retesting 1.2790. Immediate resistance is seen around 1.2950.
A clear break above that area could lead price to neutral zone in nearest term testing 1.3000 or higher but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
The GBPUSD continued its bearish momentum yesterday bottomed at 1.2865. The bias remains bearish in nearest term testing 1.2790. Immediate resistance is seen around 1.2950. A clear break above that area could lead price to neutral zone in nearest term testing 1.3000 or higher but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
On the downside, a clear break and daily close below 1.2790 could trigger further bearish pressure testing 1.2700 – 1.2650 region.
The GBPUSD had a bullish momentum yesterday topped at 1.3051 and hit 1.3070 earlier today. The bias is bullish in nearest term testing 1.3100. A clear break and daily close above that area could trigger further bullish pressure testing 1.3200 region.
Immediate support is seen around 1.3000. A clear break below that area could lead price to neutral zone in nearest term testing 1.2950 or lower. Overall I remain bearish 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 bullish bias. The bias remains bullish in nearest term testing 1.3100. A clear break and daily close above that area could trigger further bullish pressure testing 1.3200 region.
Immediate support is seen around 1.3030. A clear break below that area could lead price to neutral zone in nearest term testing 1.2950 region. Overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
The GBPUSD had a bullish momentum yesterday topped at 1.3172 and hit 1.3184 earlier today in Asian session. The bias remains bullish in nearest term testing 1.3230/50 region.
Immediate support is seen around 1.3100. A clear break below that area could lead price to neutral zone in nearest term testing 1.3050 or lower. On the upside, a clear break and daily/weekly close above 1.3250 would expose 1.3500 next week.
