The GBPUSD gapped lower earlier today, opened below 1.2000 psychological level. This is a tricky situation, but I believe 1.2000 region remains a good place to buy with a tight stop loss. Immediate resistance is seen around 1.2080. A clear break above that area could trigger further bullish pressure testing 1.2120 or higher.
On the downside, a clear break and daily close below 1.2000 would expose 1.1900 area.
The GBPUSD slipped below 1.2000 psychological level yesterday but still unable to make a clear break and daily close below that area so far. The bias is neutral in nearest term but 1.2000 region remains a good place to buy with a tight stop loss. Immediate resistance is seen around 1.2080. A clear break above that area could trigger further bullish pressure testing 1.2120 or higher.
On the downside, a clear break and daily close below 1.2000 would expose 1.1900 area or lower.
The GBPUSD had a strong bullish momentum yesterday after bounced from 1.2000 psychological level topped at 1.2416. The bias is bullish in nearest term testing 1.2500 area. Immediate support is seen around 1.2270.
A clear break below that area could lead price to neutral zone in nearest term testing 1.2200 region.
The GBPUSD had a strong bullish momentum last week topped at 1.2416 after bounced from 1.2000 psychological level. The bias is bullish in nearest term testing 1.2500 region. Immediate support is seen around 1.2370.
A clear break below that area could lead price to neutral zone in nearest term testing 1.2320 area but overall I prefer a bullish scenario at this phase and any downside pullback should be seen as a good opportunity to buy.
The GBPUSD attempted to push lower yesterday bottomed at 1.2418 but whipsawed to the upside and closed higher at 1.2520. The bias is neutral in nearest term probably with a little bullish bias testing 1.2600/50 area. Immediate support is seen around 1.2490.
A clear break below that area could trigger further bearish pressure testing 1.2420/00 area but overall I still prefer a bullish scenario at this phase targeting 1.2790 this week.
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 1.2500 support area. Immediate resistance is seen around 1.2625. A clear break above that area could trigger further bullish pressure testing 1.2700 area.
Overall I still prefer a bullish scenario at this phase targeting 1.2790 region and any downside pullback should be seen as a good opportunity to buy.
The GBPUSD continued its bullish momentum last week topped at 1.2673 but closed lower at 1.2548. The bias is neutral in nearest term but overall price is still in a bullish phase after bounced from 1.2000 psychological level testing 1.2790 region. Immediate support is seen around 1.2550.
A clear break below that area could trigger further bearish pressure testing 1.2500 or lower but any downside pullback should be seen as a good opportunity to buy.
The GBPUSD was indecisive last week. The bias is neutral in nearest term. Immediate support is seen around 1.2450. A clear break below that area could trigger further bearish pressure testing 1.2400 area. Immediate resistance is seen around 1.2525. A clear break above that area could trigger further bullish pressure testing 1.2600 area but key resistance remains at 1.2790 which remains a good place to sell.
The GBPUSD was indecisive yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 1.2400 – 1.2375 support area. Immediate resistance is seen around 1.2515. A clear break and daily close above that area could trigger further bullish pressure testing 1.2600 or higher but key resistance remains at 1.2790 which remains a good place to sell.
The GBPUSD attempted to push lower yesterday bottomed at 1.2346 but whipsawed to the upside and closed higher at 1.2505. The bias is neutral in nearest term probably with a little bullish bias testing 1.2600 area. Immediate support is seen around 1.2450. A clear break below that area could trigger further bearish pressure testing 1.2400 – 1.2350 region.
