The GBPUSD attempted to push higher yesterday topped at 1.3091 but closed lower at 1.3027. The bias remains bearish in nearest term testing 1.2900.
Immediate resistance is seen around 1.3075/91. A clear break above that area could lead price to neutral zone in nearest term testing 1.3150 but overall as long as stay below 1.3500 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 1.2900 would expose 1.2790 region.
The GBPUSD had another indecisive movement yesterday. Price attempted to push lower bottomed at 1.2945 but closed higher at 1.3026 and hit 1.3049 earlier today. The bias is neutral in nearest term probably with a little bullish bias testing 1.3100 area.
Immediate support is seen around 1.3000. A clear break below that area could trigger further bearish pressure testing 1.2950/00 region. As long as stay below 1.3500 I remain bearish.
The GBPUSD attempted to push higher yesterday topped at 1.3120 but closed lower at 1.3074. The bias is neutral in nearest term probably with a little bearish bias testing 1.3000 – 1.2950 region.
Immediate resistance is seen around 1.3100. A clear break above that area could trigger further bullish pressure testing 1.3150/80 region. Overall, as long as stay below 1.3500 I remain bearish.
The GBPUSD was indecisive last week. Price attempted to push higher topped at 1.3120 but closed lower at 1.2970. As you can see on my H4 chart below price has been moving sideways between 1.3500 – 1.2790 since the Brexit. The bias is bearish in nearest term testing 1.2875 region. A clear break and daily close below that area would expose 1.2790 key support.
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 or higher but as long as stay below 1.3500 I remain bearish.
The GBPUSD had a moderate bullish momentum yesterday topped at 1.3026. The bias is bullish in nearest term testing 1.3050 – 1.3100 region.
Immediate support is seen around 1.2975. A clear break below that area could lead price to neutral zone in nearest term testing 1.2915/00 area. Overall I remain bearish but any movement near 1.2790 support area seems to be a good place to buy with a tight stop loss.
The GBPUSD was indecisive yesterday but overall still able to maintain its bullish intraday bias and hit 1.3058 earlier today. The bias remains bullish in nearest term testing 1.3100 but overall I remain bearish.
Immediate support is seen around 1.3000. A clear break below that area could lead price to neutral zone in nearest term testing 1.2950/00 area but key support remains around 1.2790 which remains a good place to buy with a tight stop loss.
The GBPUSD had another indecisive movement last week, formed another Doji on weekly chart. The bias is neutral in nearest term probably with a little bearish bias testing 1.2790 area which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 1.2950 followed by 1.3000. As long as stay below 1.3500 my major technical outlook remains bearish.
The GBPUSD had a bearish momentum yesterday bottomed at 1.2817. The bias is bearish in nearest term testing 1.2790 key support which is a good place to buy with a tight stop loss as a clear break and daily close below that area would expose 1.2500 region.
Immediate resistance is seen around 1.2870. A clear break above that area could lead price to neutral zone in nearest term testing 1.2920 area. Overall I remain bearish.
The GBPUSD continued its bearish momentum yesterday broke below 1.2790 key support, bottomed at 1.2718. The bias is bearish in nearest term testing 1.2600 before targeting 1.2500.
Immediate resistance is seen around 1.2790. A clear break and daily close back above that area could lead price to neutral zone in nearest term testing 1.2860 area but overall I remain bearish.
The GBPUSD was indecisive yesterday. The bias remains bearish in nearest term testing 1.2600 before targeting 1.2500.
Immediate resistance remains around 1.2790. A clear break and daily close back above that area could lead price to neutral zone in nearest term testing 1.2860 area but overall I remain bearish.
