The GBPUSD continued its bullish momentum last week topped at 1.2673 but closed lower at 1.2598 and hit 1.2533 earlier today. The bias is neutral in nearest term but as long as stay above 1.2330 price is still in a bullish phase as a part of the hammer formation bullish scenario (daily chart) targeting 1.2790 region.
Immediate support is seen around 1.2500 followed by 1.2450. Immediate resistance is seen around 1.2600 followed by 1.2650.
The GBPUSD had a bearish momentum yesterday bottomed at 1.2443. The bias is bearish in nearest term testing 1.2400 area but as long as stay above 1.2330 price is still in a valid bullish phase as a part of the hammer formation bullish scenario (daily chart).
Immediate resistance is seen around 1.2525. A clear break above that area could lead price to neutral zone in nearest term testing 1.2600 area.
The GBPUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.2379 but closed higher at 1.2453. The bias is neutral in nearest term but overall as long as stay above 1.2330 price is still in a bullish phase as a part of the hammer formation bullish scenario (daily chart).
Immediate resistance is seen around 1.2515. A clear break above that area could trigger further bullish pressure testing 1.2600 region.
The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Immediate support is seen around 1.2380 but key support remains at 1.2330 which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.2480. A clear break above that area could trigger further bullish pressure testing 1.2550 region.
As long as stay above 1.2330 I still prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.
The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 1.2330 key support which remains a good place to buy with a tight stop loss. Immediate resistance is seen around 1.2450.
A clear break above that area could trigger further bullish pressure testing 1.2500 or higher. On the downside, a clear break and daily/weekly close below 1.2330 would be a threat to the hammer formation bullish scenario (daily chart).
The GBPUSD had a bullish momentum yesterday topped at 1.2511 after failed to make a clear break below 1.2330 key support as you can see on my H4 chart below. The bias is bullish in nearest term testing 1.2600 region.
Immediate support is seen around 1.2450. A clear break below that area could lead price to neutral zone in nearest term but as long as stay above 1.2330 I still prefer a bullish scenario at this phase.
The GBPUSD failed to continue its bullish momentum yesterday bottomed at 1.2383. The bias is neutral in nearest term but as long as stay above 1.2330 I still prefer a bullish scenario at this phase.
Immediate resistance is seen around 1.2450. A clear break above that area could trigger further bullish pressure testing 1.2515 region.
The GBPUSD was indecisive yesterday. The bias remains neutral in nearest term but as long as stay above 1.2330 I still prefer a bullish scenario at this phase. Immediate resistance is seen around 1.2515. A clear break and daily close above that area could trigger further bullish pressure testing 1.2600 – 1.2670 region.
Immediate support is seen around 1.2400. A clear break below that area could trigger further bearish pressure testing 1.2330 key support.
The GBPUSD had another indecisive movement yesterday, formed another Doji on daily chart. The bias remains neutral in nearest term but as long as stay above 1.2330 I still prefer a bullish scenario at this phase. Immediate resistance is seen around 1.2515. A clear break and daily/weekly close above that area would expose 1.2670 or higher next week.
On the other hand, a clear break and daily/weekly close below 1.2330 could trigger further bearish scenario retesting 1.2000 key support.
The GBPUSD failed to continue its bearish momentum last week after unable to make a clear break below 1.2330 key support, topped at 1.2512. The bias remains neutral in nearest term but as long as stay above 1.2330 I still prefer a bullish scenario at this phase. Immediate resistance is seen around 1.2515.
A clear break above that area could trigger further bullish pressure testing 1.2550/80 area or higher. Immediate support is seen around 1.2450 followed by 1.2400.
