The GBPUSD was indecisive yesterday but overall still able to maintain its bearish intraday bias and hit a fresh two-week low at 1.2951. The bias remains bearish in nearest term testing 1.2930 – 1.2865 region.
Immediate resistance is seen around 1.3015. A clear break above that area could lead price to neutral zone in nearest term testing 1.3050 but key resistance remains at 1.3125 region which need to be clearly broken to the upside to reactivate my bullish mode.
The GBPUSD attempted to push lower last week bottomed at 1.2939 but closed higher at 1.3008. The bias is neutral in nearest term but overall price is still in a bearish phase since fell from 1.3265 two weeks ago testing a trend line support and daily EMA 200 located around 1.2865 area as you can see on my daily chart below which is a good place to buy.
Immediate resistance is seen around 1.3050. A clear break above that area could trigger further bullish pressure testing 1.3125 region which need to be clearly broken to the upside to reactivate my bullish mode.
The GBPUSD had a moderate bearish momentum yesterday bottomed at 1.2956. The bias is bearish in nearest term testing the trend line support and 1.2865 area as you can see on my H1 chart.
Immediate resistance is seen around 1.3030. A clear break above that area could lead price to neutral zone in nearest term but only a clear break above 1.3125 key resistance would stop the current short-term bearish phase. Overall I am neutral on this pair.
The GBPUSD continued its bearish momentum yesterday bottomed at 1.2846, touched the trend line support and daily EMA 200 as you can see on my daily chart below. The bias remains bearish in nearest term but buying at the trend line support is a good idea with a tight stop loss as a clear break and daily close below the trend line support would expose 1.2600 region.
Immediate resistance is seen around 1.2888. A clear break above that area could lead price to neutral zone in nearest term testing 1.2950 or higher. Overall I remain neutral.
The GBPUSD was indecisive yesterday. Price bounced-off the trend line support and EMA 200 as you can see on my daily chart below suggests a potential bullish bias. Immediate resistance is seen around 1.2950. A clear break above that area could trigger further bullish pressure testing 1.3000 – 1.3030 region.
On the downside, 1.2865 remains a key support and good place to buy with a tight stop loss as a clear break and daily close below that area would expose 1.2600 region. Overall I remain neutral.
The GBPUSD didn’t make significant movement yesterday. The bias is neutral in nearest term. Price is still trending lower in short term but still unable to break below the trend line support and 1.2865 key support area as you can see on my daily chart, which remains a good place to buy with a tight stop loss as a clear break and daily/weekly close below the trend line support would expose 1.2600 region next week.
Immediate resistance is seen around 1.2908 (yesterday’s high). A clear break above that area could trigger further bullish pressure testing 1.2950 or higher. Overall I remain neutral.
The GBPUSD had a bearish momentum last week bottomed at 1.2831 but still unable to make a clear break below 1.2865 key support so far. As you can see on my daily chart below price is still struggling around the daily EMA 200 and the trend line support. The bias is neutral in nearest term.
Immediate resistance is seen around 1.2915. A clear break and daily close above that area could trigger further bullish pressure testing 1.3000 – 1.3030 resistance area. Immediate support is seen around 1.2831. A clear break and daily close below that area would activate my short term bearish mode targeting 1.2600 region. Overall I remain neutral.
The GBPUSD had a moderate bullish momentum yesterday topped at 1.2915. The bias remains neutral in nearest term. Overall price is still in a short-term bearish phase but the bearish run stalls at the trend line support and the daily EMA 200 as you can see on my daily chart.
Immediate resistance is seen around 1.2915. A clear break above that area could trigger further bullish pressure testing 1.2970 – 1.3030 resistance area. On the downside, 1.2865 – 1.2831 remains a key support. A clear break below that area would expose 1.2600 region. Overall I remain neutral.
The GBPUSD had a significant bearish momentum yesterday bottomed at 1.2811 and hit 1.2807 earlier today in Asian session. Price for the first time fell convincingly below the trend line support and daily EMA 200 after moving sideways since last week. The bias is bearish in nearest term testing 1.2750 – 1.2700 region.
Immediate resistance is seen around 1.2850. A clear break above that area could lead price to neutral zone in nearest term but only a clear break back above 1.2915 would nullify the current short term technical bias. Overall I remain neutral.
The GBPUSD didn’t make significant movement yesterday but overall still able to maintain its bearish intraday bias. The bias remains bearish in nearest term testing 1.2750 – 1.2700 region. Immediate resistance remains around 1.2850.
A clear break above that area could lead price to neutral zone in nearest term but only a clear break back above 1.2915 would nullify the current bearish short term technical bias. Overall I remain neutral.
