The GBPUSD attempted to push higher yesterday topped at 1.3431 but whipsawed to the downside and closed lower at 1.3337. The bias is bearish in nearest term testing 1.3330 support area. A clear break below that area could trigger further bearish pressure testing 1.3220 region but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
Immediate resistance is seen around 1.3400. A clear break above that area could lead price to neutral zone in nearest term testing 1.3450 – 1.3500 area.
The GBPUSD had a bullish momentum yesterday topped at 1.3426 after unable to stay consistently below 1.3330 support area as you can see on my daily chart below. The bias is bullish in nearest term testing 1.3500 area.
Immediate support is seen around 1.3380. A clear break below that area could lead price to neutral zone in nearest term retesting 1.3330 support area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 1.3500 would expose 1.3615 region.
The GBPUSD was indecisive yesterday printed a Doji on daily chart. The bias is neutral in nearest term. Immediate resistance is seen around 1.3465. A clear break above that area could trigger further bullish pressure testing 1.3500 – 1.3520 region.
Immediate support is seen around 1.3390. A clear break below that area could trigger further bearish pressure testing 1.3330 support area but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.
The GBPUSD attempted to push higher last week topped at 1.3465 but closed lower at 1.3321. The bias is bearish in nearest term but note that 1.3330 support area is a good support which need to be clearly broken to downside to continue the bearish pressure testing 1.3220 and the trend line support as you can see on my daily chart below which is a good place to buy.
Immediate resistance is seen around 1.3360. A clear break above that area could lead price to neutral zone in nearest term testing 1.3400 area. Overall I remain bullish.
The GBPUSD had a bullish momentum yesterday after once again failed to make a clear break below 1.3330 support area topped at 1.3418. The bias is bullish in nearest term especially if price able to make a clear break above 1.3418 testing 1.3465 or higher. However, as you can see on my daily chart below price keeps printing lower highs since December 01 indicates a downside pressure which can not be underestimated.
Immediate support is seen around 1.3330. A clear break below that area would expose 1.3220 and trend line support area which remains a good place to buy. Overall I remain bullish.
The GBPUSD was corrected lower yesterday bottomed at 1.3496 after failed to break above 1.3615 key resistance. The bias is bearish in nearest term testing 1.3450/20 area.
Immediate resistance is seen around 1.3560. A clear break above that area could lead price to neutral zone in nearest term retesting 1.3615 key resistance which need to be clearly broken to the upside to continue the major bullish trend.
The GBPUSD didn’t make significant movement last week. The bias is neutral in nearest term. Price is moving sideways between 1.3615 – 1.3495 as you can see on my daily chart below. We need a clear break from that range area to see clearer direction. Overall I remain bullish but need a clear break above 1.3615 to resume the major bullish trend testing 1.3835 region this week.
On the downside, a clear break and daily close below 1.3495 could trigger further bearish pressure testing the trend line support and 1.3330 area.
The GBPUSD had a moderate bearish momentum yesterday and now struggling around the lower line of the range area as you can see on my daily chart below. The bias is bearish in nearest term especially if price able to make a clear and consistent movement below 1.3495 testing 1.3425 – 1.3330 support area.
Immediate resistance is seen around 1.3550. A clear break above that area could lead price to neutral zone in nearest term and keep price inside the range area retesting 1.3615 key resistance.
The GBPUSD attempted to push lower yesterday slipped below the range area as you can see on my daily chart below but whipsawed to the upside and closed higher back inside the range area and hit 1.3564 earlier today. This is a false break situation. The bias is bullish in nearest term testing 1.3615 key resistance. A clear break and daily/weekly close above that area would expose 1.3800/35 area next week.
Immediate support is seen around 1.3495. A clear break and daily/weekly close below that area could trigger further bearish pressure testing the trend line support and 1.3330 area next week. Overall I remain bullish.
The GBPUSD had a significant bullish momentum last week broke above 1.3615 key resistance as you can see on my daily chart below, topped at 1.3743 and hit 1.3767 earlier today. The bias is bullish in nearest term testing 1.3800/35 region.
Immediate support is seen around 1.3700. A clear break below that area could lead price to neutral zone in nearest term testing 1.3615 area which is a good place to buy. On the upside, a clear break above 1.3800 would expose 1.3900 region. Overall I remain bullish.
