The GBPUSD attempted to push higher last week slipped above the daily EMA 200 as you can see on my daily chart below but whipsawed to the downside and closed lower at 1.4425.
My major technical outlook remains neutral but the rejection to move above the daily EMA 200 suggests a potential bearish scenario this week. The bias is bearish in nearest term testing 1.4350 – 1.4300 area.
Immediate resistance is seen around 1.4470. A clear break above that area could lead price to neutral zone in nearest term testing 1.4540 region.
The GBPUSD was indecisive yesterday but overall still able to maintain its bearish intraday bias since the false breakout above the daily EMA 200 as you can see on my daily chart below. The bias remains bearish in nearest term testing 1.4350 – 1.4300.
Immediate resistance is around 1.4479 (yesterday’s high). A clear break above that area could lead price to neutral zone in nearest term testing 1.4540 region.
The GBPUSD had another indecisive movement yesterday. The bias remains bearish in nearest term testing 1.4350 – 1.4300 as a part of the bearish scenario after the false break above the daily EMA 200 as you can see on my daily chart below.
Immediate resistance remains around 1.4479. A clear break above that area could lead price to neutral zone in nearest term testing 1.4540 region.
The GBPUSD had another indecisive movement yesterday formed a Doji on daily chart. The bias is neutral in nearest term but overall I still prefer a bearish scenario at this phase after the false break above the daily EMA 200 as you can see on my daily chart below.
Immediate resistance is seen around 1.4500 followed by 1.4550. Immediate support is seen around 1.4400 followed by 1.4350.
The GBPUSD had another indecisive movement yesterday. Price attempted to push higher topped at 1.4530 but whipsawed to the downside and closed lower at 1.4447.
The bias remains neutral in nearest term but overall I still prefer a bearish scenario at this phase after the false break above the daily EMA 200 as you can see on my daily chart below with nearest target seen around 1.4350 – 1.4300. Immediate resistance is seen around 1.4475 followed by 1.4530.
The GBPUSD was indecisive last week but overall still able to maintain its bearish bias since the false break above the daily EMA 200 as you can see on my daily chart below. The bias is bearish in nearest term testing 1.4270/50 region.
Immediate resistance is seen around 1.4400. A clear break above that area could lead price to neutral zone in nearest term testing 1.4450 area but overall I still prefer a bearish scenario at this phase targeting 1.4000.
The GBPUSD attempted to push higher yesterday topped at 1.4523 but closed lower at 1.4460. The bias is neutral in nearest term probably with a little bearish bias testing 1.4400 – 1.4350 region.
Immediate resistance is seen around 1.4480 followed by 1.4530. Technically, I remain bearish after the false break above the daily EMA 200 as you can see on my daily chart below. Fundamental focus will be on the FOMC Meeting Minutes.
The GBPUSD had a bullish momentum yesterday topped at 1.4634. The bias is bullish in nearest term retesting the daily EMA 200 and 1.4700 region which is a good place to sell with a tight stop loss.
Immediate support is seen around 1.4525. A clear break below that area could lead price to neutral zone in nearest term testing 1.4450 region. On the upside, a clear break and daily close above 1.4700 would activate my bullish mode.
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 1.4500 area. On the upside, key resistance remains around the daily EMA 200 located around 1.4700 region.
A clear break and daily/weekly close above that area would activate my bullish mode targeting 1.5000 next week.
The GBPUSD attempted to push higher last week topped at 1.4663 but closed lower at 1.4497. As you can see on my daily chart below, the daily EMA 200 and 1.4700 region is a key resistance at this phase.
The bias is neutral in nearest term probably with a little bearish bias testing 1.4400 – 1.4350 region. On the upside, a clear break and daily close above 1.4700 would activate my bullish mode targeting 1.5000 area.
