The GBPUSD had a bullish momentum last week topped at 1.3184 but closed a little bit lower at 1.3077. The bias is neutral in nearest term probably with a little bearish bias testing 1.2950 area.
Immediate resistance is seen around 1.3100. A clear break above that area could trigger further bullish pressure retesting 1.3184 or higher but 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 1.3157. The bias is bullish in nearest term testing H4 EMA 200 located around 1.3215. A clear break and daily close above that area would expose 1.3300 region but as long as stay below 1.3500 my overall technical outlook remains bearish.
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.
The GBPUSD continued its bullish momentum yesterday topped at 1.3210. The bias remains bullish in nearest term. As you can see on my H4 chart below price is testing the H4 EMA 200 located around 1.3215 which is a good place to sell with a tight stop loss. A clear break above that area could trigger further bullish pullback testing 1.3300 region but overall as long as stay below 1.3500 I remain bearish.
Immediate support is seen around 1.3150. A clear break below that area could lead price to neutral zone in nearest term testing 1.3100 region or lower.
The GBPUSD was indecisive yesterday but overall still able to maintain its intraday bullish bias, topped at 1.3272. Price slipped above H4 EMA 200 as you can see on my H4 chart below suggests a bullish condition.
The bias remains bullish in nearest term testing 1.3300 – 1.3370 but as long as stay below 1.3500 my major technical outlook remains bearish. Immediate support is seen around 1.3215. A clear break below that area could lead price to neutral zone in nearest term testing 1.3150 area.
The GBPUSD had another indecisive movement yesterday. As you can see on my H4 chart below price is struggling around the H4 EMA 200. The bias is neutral in nearest term. Immediate support is seen around 1.3170. A clear break below that area could trigger further bearish pressure testing 1.3100 region.
Immediate resistance is seen around 1.3215. A clear break above that area could trigger further bullish pressure testing 1.3300 area. Overall, as long as stay below 1.3500 I remain bearish.
The GBPUSD attempted to push higher last week topped at 1.3279 but whipsawed to the downside and closed lower at 1.3132. As you can see on my H1 chart below, price is now struggling around the H1 EMA 200 support which has been tested 2 times since August 17th. The bias is bearish in nearest term testing 1.3050 – 1.3000 area.
Immediate resistance is seen around 1.3150. A clear break above that area could lead price to neutral zone in nearest term testing 1.3200 or higher. Overall, as long as stay below 1.3500 my major technical outlook remains bearish.
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish bias. The bias remains bearish in nearest term testing 1.3050 – 1.3000 area. Immediate resistance is seen around 1.3138 (yesterday’s high). A clear break above that area could lead price to neutral zone in nearest term testing 1.3200 or higher.
On the downside, a clear break and daily close below 1.3050 – 1.3000 would expose 1.2950 and 1.2865. Overall, as long as stay below 1.3500 my major technical outlook remains bearish.
The GBPUSD had another indecisive movement yesterday. The bias remains bearish in nearest term but we need a clear break below 1.3050 to continue the bearish scenario testing 1.2950.
Immediate resistance is seen around 1.3120. A clear break above that area could lead price to neutral zone in nearest term testing 1.3200 region but as long as stay below 1.3500 my major technical outlook remains bearish.
The GBPUSD continued its bullish momentum yesterday topped at 1.3317 as a part of the bullish scenario after formed a triple bottom formation as you can see on my H1 chart below. The bias remains bullish in nearest term testing 1.3370.
Immediate support is seen around 1.3235. A clear break below that area could lead price to neutral zone in nearest term testing 1.3170 area. Overall, as long as stay below 1.3500 my major technical outlook remains bearish.
The GBPUSD had a bullish momentum last week topped at 1.3352. The bias remains bullish in nearest term testing 1.3370 area which is a good place to sell with a tight stop loss as a clear break and daily close above that area would expose 1.3500 region.
Immediate support is seen around 1.3250. A clear break below that area could lead price to neutral zone in nearest term testing 1.3200 – 1.3175 area. As long as stay below 1.3500 my major technical outlook remains bearish.
