The GBPUSD had a bullish momentum yesterday topped at 1.3475. The bias is bullish in nearest term testing 1.3600 – 1.3650 area. Immediate support is seen around 1.3360 followed by 1.3300.
Overall I still prefer a bearish scenario but price is clearly in a strong bullish correction since Theresa May becomes UK Prime Minister, which technically signaled by the hammer formation as you can see on my daily chart below.
The GBPUSD attempted to push higher last week topped at 1.3480 but closed significantly lower at 1.3200. The bias is neutral in nearest term. Overall I remain bearish but as long as stay above 1.3100 the hammer formation bullish correction scenario should remain valid.
Immediate resistance is seen around 1.3300. A clear break and daily close above that area could trigger further bullish pressure testing 1.3400 – 1.3480 region.
The GBPUSD didn’t make significant movement yesterday. The bias remains neutral in nearest term. As long as stay above 1.3100 the hammer formation bullish correction/reversal scenario should remain valid.
Immediate resistance is seen around 1.3300. A clear break and daily close above that area could trigger further bullish pressure retesting 1.3500 region this week. My overall technical bias remains bearish.
The GBPUSD failed to continue its bearish momentum yesterday topped at 1.3227 and hit 1.3274 earlier today in Asian session. The head and shoulders bearish formation I showed you yesterday is no longer valid. The bias is bullish in nearest term as we may have a false break (below 1.3100) bullish scenario testing 1.3315 region.
Immediate support is seen around 1.3180. A clear break below that area could lead price to neutral zone in nearest term retesting 1.3100 key support. My major technical outlook remains bearish.
The GBPUSD was indecisive yesterday but overall still able to maintain its bullish intraday bias since the false break below 1.3100 support area as you can see on my H1 chart below. The bias remains bullish in nearest term testing 1.3315 area. Immediate support is seen around 1.3180/50.
A clear break below that area could lead price to neutral zone in nearest term retesting 1.3100 key support. Overall I remain bearish but need a clear break back below 1.3100 to reactivate my bearish mode.
The GBPUSD was indecisive last week. As you can see on my H1 chart below, price is now retesting 1.3100 key support, a good place to buy with a tight stop loss as a clear break and daily close below that area could trigger further bearish pressure testing 1.3000 – 1.2900 this week.
Immediate resistance is seen around 1.3200. A clear break and daily close above that area could trigger further bullish pullback testing 1.3300/15 region. Overall I still prefer a bearish scenario.
The GBPUSD didn’t make significant movement yesterday and still struggling around 1.3100 key support which remains a good place to buy with a tight stop loss as a clear break below that area could trigger further bearish pressure testing 1.3000 – 1.2900 this week.
Immediate resistance is seen around 1.3170 – 1.3200. A clear break above that area could trigger further bullish pullback testing 1.3300/15 region. Overall I remain bearish.
The GBPUSD had a bullish momentum yesterday after another failure to make a clear break below 1.3100 key support as you can see on my H1 chart below. The bias is bullish in nearest term testing 1.3300 area but overall I still prefer a bearish scenario and any upside pullback should be seen as a good opportunity to sell.
Immediate support is seen around 1.3170. A clear break below that area could lead price to neutral zone in nearest term retesting 1.3100.
The GBPUSD had another indecisive movement last week. As you can see on my H1 chart below, price has been moving sideways without clear direction, but my major technical outlook remains bearish. The bias is bullish in nearest term testing 1.3330.
A clear break and daily close above that area could trigger further bullish pressure testing 1.3480 area but any upside pullback should be seen as a good opportunity to sell. Immediate support is seen around 1.3200. A clear break below that area could lead price to neutral zone in nearest term testing 1.3150 or lower.
The GBPUSD had a moderate bearish momentum yesterday bottomed at 1.3162. The bias is neutral in nearest term probably with a little bearish bias retesting 1.3100 – 1.3050 strong support which need to be clearly broken to the downside to continue the bearish scenario. Immediate resistance is seen around 1.3220.
A clear break above that area could trigger further bullish pressure testing 1.3300/30 but overall I remain bearish and any upside pullback should be seen as a good opportunity to sell.
