The GBPUSD was indecisive yesterday. Price attempted to push higher topped at 1.2582 but closed lower at 1.2494. The bias remains neutral in nearest term probably with a little bearish bias testing 1.2450 – 1.2400 support area. Immediate resistance is seen around 1.2550 followed by 1.2600.
The GBPUSD was indecisive last week formed a Doji on weekly chart. The bias remains neutral in nearest term probably with a little bearish bias testing 1.2400 support area. Immediate resistance is seen around 1.2520. A clear break above that area could trigger further bullish pressure testing 1.2580 area.
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term. We haven’t seen a significant bullish run so far, but price is still traded just above the daily EMA 200, keeps the double bottom bullish scenario remains valid with nearest target seen around 1.3000 – 1.3050 region.
Immediate support is seen around 1.2800 but key support remains at 1.2750 which need to be clearly broken to the downside to interrupt the double bottom bullish scenario.
The GBPUSD attempted to push lower last week bottomed at 1.2830 but failed to make a sustainable break below the H1 EMA 200 as you can see on my H1 chart below and closed higher at 1.2978. This fact keeps the bullish outlook. The bias is bullish in nearest term testing 1.3000 – 1.3050 area.
Immediate support is seen around 1.2950. A clear break below that area could lead price to neutral zone in nearest term testing 1.2900 area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
The GBPUSD had a bearish momentum last week bottomed at 1.2844 after formed a triple top formation as you can see on my H1 chart below. The bias is bearish in nearest term testing 1.2830. A clear break and daily close below that area would expose 1.2780 which is a good place to buy with a tight stop loss. Overall I remain bullish.
Immediate resistance is seen around 1.2910. A clear break above that area could lead price to neutral zone in nearest term retesting 1.2985 region.
The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. Overall I remain bullish but need a clear break above 1.2985 key resistance to continue the bullish scenario.
Immediate support is seen around 1.2890. A clear break below that area could trigger further bearish pressure testing 1.2830 – 1.2780 key support which is a good place to buy. On the upside, a clear break and daily close above 1.2985 would expose 1.3050 or higher.
The GBPUSD had a bullish momentum yesterday topped at 1.2990. The bias is bullish in nearest term but note that we need a clear break above 1.2985 key resistance to continue the bullish scenario testing 1.3050 or higher.
Immediate support is seen around 1.2930. A clear break below that area could lead price to neutral zone in nearest term testing 1.2880 region. Overall I remain bullish.
The GBPUSD was volatile but indecisive yesterday. Price broke above 1.2985 key resistance, topped at 1.3047 but closed lower at 1.2941. The bias is neutral in nearest term. Overall I remain bullish, but we may have a false breakout bearish scenario especially if price able to break below the trend line support (see my H1 chart below) and 1.2890 area testing 1.2830 region.
On the upside, we need a clear break and consistent move above 1.2985 to keep the bullish scenario alive and kicking testing 1.3050 or higher.
The GBPUSD had a bullish momentum last week topped at 1.3047. Price gaps lower earlier today opened at 1.2997 and hit 1.2973. The bias is neutral in nearest term but overall I remain bullish. Immediate support is seen around 1.2970. A clear break below that area could trigger further bearish pressure testing 1.2945 and the trend line support (see my H1 chart below) located around 1.2900 region which is a good place to buy with a tight stop loss.
On the upside, a clear break and daily close above 1.3050 would expose 1.3185 region.
The GBPUSD attempted to push higher yesterday topped at 1.3083 but closed lower at 1.3024. As you can see on the daily chart above, we have another bearish pin bar formed near 1.3100 key resistance suggests a potential bearish view. The bias is bearish in nearest term testing 1.2950/35 region. A clear break and daily close below that area would expose 1.2810/00 region.
On the upside, in the event that 1.3100 resistance breaks to the upside, price could quickly target 1.3350 resistance and above.
