The GBPUSD was indecisive yesterday. Price attempted to push higher topped at 1.2728 but closed lower at 1.2657 and hit 1.2640 earlier today in Asian session. The bias is neutral in nearest term, probably with a little bearish bias testing 1.2600 – 1.2550 support area. Immediate resistance is seen around 1.2700.
A clear break above that area would expose 1.2775. Overall I remain bullish.
The GBPUSD had a bearish momentum yesterday bottomed at 1.2530. The bias is bearish in nearest term. As you can see on my H1 chart below price is testing the trend line support and 1.2500 support area which is a good place to buy with a tight stop loss below 1.2500 as a clear break below that area would expose 1.2400 region. Immediate resistance is seen around 1.2600.
A clear break above that area could lead price to neutral zone in nearest term testing 1.2650 or higher. Overall I still prefer a bullish scenario.
The GBPUSD continued its bearish momentum yesterday broke below the trend line support as you can see on my H1 chart below, bottomed at 1.2375. The bias is bearish in nearest term testing 1.2330/00 region. Immediate resistance is seen around 1.2450.
A clear break above that area could lead price to neutral zone in nearest term testing 1.2500 region.
The GBPUSD was indecisive last week but fell below the trend line support as you can see on my H1 chart below suggests a potential short term bearish outlook testing 1.2300 area this week with key resistance seen around 1.2500 – 1.2560 area. The bias is neutral in nearest term. Immediate support is seen around 1.2440 area.
A clear break below that area could trigger further bearish pressure testing 1.2400 – 1.2375 area.
The GBPUSD had a bearish momentum yesterday bottomed at 1.2354. The bias is bearish in nearest term testing 1.2300 area. Immediate resistance is seen around 1.2425.
A clear break above that area could lead price to neutral zone in nearest term but as long as stay below 1.2500 price is still in a bearish phase after broke below the trend line support as you can see on my H1 chart below.
The GBPUSD was indecisive yesterday. Price attempted to push lower bottomed at 1.2312 but closed a little bit higher at 1.2366. The bias is neutral in nearest term probably with a little bearish bias testing 1.2300 area. A clear break and daily close below that area would expose 1.2170 region. Immediate resistance is seen around 1.2425.
A clear break above that area could trigger further bullish pressure testing 1.2500 area.
The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term but overall price is still in a bearish phase after broke below the trend line support as you can see on my H1 chart below with nearest target seen at 1.2300. Immediate resistance is seen around 1.2425. A clear break above that area could trigger further bullish pressure testing 1.2500 region.
On the downside, a clear break and daily close below 1.2300 would expose 1.2170 area.
The GBPUSD had a bearish momentum yesterday bottomed at 1.2276. The bias is bearish in nearest term testing 1.2200 – 1.2170 area as a part of the bearish scenario after broke below the trend line support as you can see on my H1 chart below. Immediate resistance is seen around 1.0320.
A clear break above that area could lead price to neutral zone in nearest term testing 1.2375 area.
The GBPUSD had a bearish momentum last week bottomed at 1.2228. The bias is bearish in nearest term testing 1.2200 – 1.2170 as a part of the bearish scenario after broke below the trend line support as you can see on my H1 chart below. Immediate resistance is seen around 1.0320.
A clear break above that area could lead price to neutral zone in nearest term testing 1.0370 – 1.0400 region.
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term but as long as stay below 1.2320 price is still in strong bearish phase since broke below the trend line support as you can see on my H1 chart below with nearest target seen around 1.2200 – 1.2170.
On the upside, a clear break and daily close above 1,2320 would expose 1.2400 region.
