The GBPUSD attempted to push higher yesterday topped at 1.3159 but whipsawed to the downside and closed lower at 1.3062. The bias is bearish in nearest term testing 1.3000 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 1.3100/25.
A clear break above that area could lead price to neutral zone in nearest term but would keep the major bullish bias remain strong retesting 1.3159 or higher. Overall we remain bullish but a clear break and daily/weekly close below 1.3000 would signal further bearish correction next week.
The GBPUSD had a bullish momentum last week topped at 1.3159. Price is still moving convincingly above the EMA 200 and the trend line support as you can see on the H1 chart above suggests a valid bullish trend. The bias is bullish in nearest term testing 1.3200 area before targeting 1.3350 region this week.
Immediate support is seen around 1.3100. A clear break below that area could lead price to neutral zone in nearest term testing 1.3050 – 1.3000 support area which is a good place to buy with a tight stop loss below 1.3000.
The GBPUSD continued its bullish momentum yesterday topped at 1.3223. The bias remains bullish in nearest term testing 1.3300/50 region. Immediate support is seen around 1.3160. A clear break below that area could lead price to neutral zone in nearest term testing 1.3125 – 1.3075 area which is a good place to buy.
On the upside, a clear break and daily close above 1.3350 would expose 1.3500 region. Overall we remain bullish and only a clear break back below 1.3000 key support would interrupt the bullish outlook.
The GBPUSD was indecisive yesterday. Overall price is still in a valid bullish trend, moving above EMA 200 and trend line support as you can see on the H1 chart above. The bias is neutral in nearest term. Immediate support is seen around 1.3160. A clear break below that area could trigger further bearish correction testing 1.3125 – 1.3075 support area which is a good place to buy.
Immediate resistance is seen around 1.3250. A clear break and daily close above that area would expose 1.3350 region. Overall we remain bullish and only a clear break back below 1.3000 would interrupt the bullish outlook and activate the neutral mode.
The GBPUSD had another indecisive movement yesterday but overall still able to maintain its bullish bias. The bias remains neutral in nearest term but overall we remain bullish with nearest target seen around 1.3350.
Immediate support is seen around 1.3150. A clear break below that area could trigger further bearish correction testing 1.3125 – 1.3075 support area which is a good place to buy.
Immediate resistance is seen around 1.3250. A clear break above that area could trigger further bullish pressure testing 1.3300 – 1.3350 region. On the downside, only a clear break back below 1.3000 would interrupt the bullish outlook.
The GBPUSD had a bearish momentum yesterday bottomed at 1.3112. The bias is bearish in nearest term but like I said yesterday, 1.3125 – 1.3075 support area is a good place to buy. Immediate resistance is seen around 1.3190.
A clear break above that area could lead price to neutral zone in nearest term but could end the current bearish correction phase retesting 1.3265 area. On the downside, key support remains around 1.3000. A clear break below that area would interrupt the bullish outlook and activate my neutral mode.
The GBPUSD attempted to push higher last week topped at 1.3265 but whipsawed to the downside and closed lower at 1.3041. Price is still moving above the daily EMA 200 but slipped below the trend line support as you can see on my daily chart below, which is a threat to the bullish outlook especially if price able to make a clear break and daily close below 1.3000 key support testing the daily EMA 200 located around 1.2865.
On the upside, we need a clear break back above 1.3125 to keep the bullish outlook remain strong targeting 1.3350 region.
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 1.3000. A clear break below that area could trigger further bearish pressure testing 1.2930 – 1.2865 area.
Immediate resistance is seen around 1.3060. A clear break above that area could trigger further bullish pressure testing 1.3125 area which need to be clearly broken to the upside to reactivate my bullish mode retesting 1.3265 region.
The GBPUSD had a bearish momentum yesterday bottomed at 1.2952 and closed just below 1.3000 resistance. The bias is bearish in nearest term testing 1.2930 – 1.2865 region.
Immediate resistance is seen around 1.3050. A clear break above that area could lead price to neutral zone in nearest term testing 1.3100/25 region which need to be clearly broken to the upside to favor bullish mode again retesting 1.3265 region or higher.
The GBPUSD was indecisive yesterday. The bias remains bearish in nearest term testing 1.2930 – 1.2865 area as a part of the bearish phase after broke below the trend line support as you can see on my daily chart.
Immediate resistance is seen around 1.3028 (yesterday’s high). A clear break above that area could lead price to neutral zone in nearest term testing 1.3075 – 1.3125 resistance area. Overall I am neutral, but a clear break above 1.3125 would reactivate my bullish mode.
