GBP/USD : Daily Analysis from Forex Instructor

[alisha_nabila]

GBPUSD Forecast. 17/1/2018

The GBPUSD was indecisive yesterday. Price attempted to push higher earlier today topped at 1.3836 but whipsawed to the downside and hit 1.3760 at the time I wrote this comment. The bias is bearish in nearest term testing 1.3725. A clear break and daily close below that area could trigger further bearish pullback testing 1.3615 region.

Immediate resistance is seen around 1.3836. A clear break above that area could lead price to neutral zone in nearest term but would keep the major bullish trend remain strong testing 1.3900. Overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.

 

[alisha_nabila]

GBPUSD Forecast. 18/1/2018

The GBPUSD attempted to push higher yesterday topped at 1.3942 but whipsawed to the downside and closed lower at 1.3827, printed a bearish pin bar as you can see on my daily chart below. The bias is bearish in nearest term testing 1.3725 support area.

Immediate resistance is seen around 1.3880. A clear break above that area could lead price to neutral zone in nearest term retesting 1.3942 which need to be clearly broken to the upside to continue the major bullish trend testing 1.4000 psychological/key resistance. Overall as long as stay above the trend line support I remain bullish and any downside pullback should be seen as a good opportunity to buy.

 

[alisha_nabila]

GBPUSD Forecast. 22/1/2018

The GBPUSD continued its bullish momentum last week topped at 1.3945 but closed a little bit lower at 1.3856. The bias is neutral in nearest term probably with a little bearish bias testing 1.3815 support area. Immediate resistance is seen around 1.3900. A clear break above that area could trigger further bullish pressure testing 1.3940 resistance area which need to be clearly broken to the upside to resume the major bullish scenario testing 1.4000 psychological/key resistance.

On the downside, a clear break and daily close below 1.3815 could trigger further bearish correction testing 1.3725 but as long as stay above the trend line support my major technical outlook remains to the upside.

 

[alisha_nabila]

GBPUSD Forecast. 23/1/2018

The GBPUSD had a bullish momentum yesterday topped at 1.3989 and slipped just above 1.4000 psychological level earlier today. The bias is bullish in nearest term especially if price able to make a clear break and consistent movement above 1.4000 testing 1.4100 region.

Immediate support is seen around 1.3940. A clear break below that area could lead price to neutral zone in nearest term testing 1.3900 or lower but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.

 

[alisha_nabila]

GBPUSD Forecast. 29/1/2018

The GBPUSD continued its bullish momentum last week topped at 1.4344 but closed a little bit lower at 1.4159. The bias is neutral in nearest term. We have an inside bar formation as you can see on my daily chart below. Overall I remain bullish but a clear break below 1.4082 (the low of the mother bar) could trigger further bearish pullback testing 1.4000 region.

On the upside, we need a clear break and daily close at least above 1.4285 to resume the major bullish trend testing 1.4350 or higher.

 

[alisha_nabila]

GBPUSD Forecast. 31/1/2018

The GBPUSD attempted to push lower yesterday bottomed at 1.3978 but whipsawed to the upside, closed higher at 1.4142 and hit 1.4184 earlier today in Asian session. The bias is bullish in nearest term testing 1.4250 region. Immediate support is seen around 1.4135.

A clear break below that area could lead price to neutral zone in nearest term testing 1.4070 – 1.4025/00 region. Overall I remain bullish. Fundamental focus will be on the FOMC statement on Thursday and US NFP number on Friday.

 

[alisha_nabila]

GBPUSD Forecast. 1/2/2018

The GBPUSD attempted to push higher yesterday topped at 1.4232 but closed a little bit lower at 1.4184. The bias remains bullish in nearest term testing 1.4285 area. Immediate support is seen around 1.4120. A clear break below that area could lead price to neutral zone in nearest term testing 1.4070 region but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy.

On the upside, a clear break above 1.4285 would expose 1.4350 or higher. Fundamental focus will be on the US NFP number on Friday.

 

[alisha_nabila]

GBPUSD Forecast. 2/2/2018

The GBPUSD had a bullish momentum yesterday topped at 1.4277. The bias remains bullish in nearest term testing 1.4350 region. Immediate support is seen around 1.4220.

A clear break below that area could lead price to neutral zone in nearest term testing 1.4185/50 region but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. Fundamental focus today will be on the US NFP number.

 

[alisha_nabila]

GBPUSD Forecast. 5/2/2018

The GBPUSD was indecisive last week. The bias is neutral in nearest term. Overall I remain bullish but need a clear break above 1.4275 to resume the major bullish scenario targeting 1.4450 area.

Immediate support is seen around 1.4080. A clear break below that area could trigger further bearish pressure testing 1.4025 but key support is seen around 1.3978. Immediate resistance is seen around 1.4150. A clear break above that area could trigger further bullish pressure testing 1.4200 region.

 

[alisha_nabila]

GBPUSD Forecast. 7/2/2018

The GBPUSD attempted to push lower yesterday bottomed at 1.3834 but closed higher at 1.3944 formed a bullish pin bar on daily chart. The bias is bullish in nearest term especially if price able to make a clear break above 1.4000 testing 1.4070 – 1.4100 region.

Immediate support is seen around 1.3900. A clear break back below that area could lead price to neutral zone in nearest term retesting 1.3834 area. Overall I remain bullish but as long as stay below 1.4275 price is still in a bearish consolidation phase.