GBPUSD general trend is to the upside. Break below (1.55192) may trigger further fall of the GBPUSD. Going above nearest support level at (1.57701), however, would confirm continuation of the bullish trend, towards next objective upwards (1.59189).
Currently, further bullish actions could be seen on GBPUSD. A break below (1.55270) could be a threat to the bullish scenario targeting (1.53770) even (1.53212). On upside. Immediate resistance is at (1.56876). A close above that area should keep the major bullish scenario intact testing (1.58425) area.
Overall the direction remains unclear and price is moving in (1.56118 - 1.55173) range area, the instrument has a 50 – 50 chance of a recovery above (1.56118) or a fall towards (1.55173) in the coming session.
It's likely that GBPUSD will decline. A break above (1.54140) could be a threat to the bearish scenario targeting (1.55868) even (1.56368). On the downside, immediate support is at (1.52792). Break below that area should keep the major bearish scenario intact testing (1.51531) area
We expect a bearish overall direction for today. as far as (1.54189) remains intact; targeting (1.52415) then (1.51662). A close above (1.54189) resistance area will extend gains to (1.56174).
We prefer a downside scenario at this phase. Since bias is bearish in nearest term targeting (1.50790). Another move back above (1.54949) could lead us to neutral zone.
We prefer a downside scenario at this phase. Since bias is bearish in nearest term targeting (1.52690). Another move back above (1.55126) could lead us to neutral zone.
The GBPUSD bias is neutral. Upper barrier is at (1.56786), break above that area could trigger further short term upside pressure testing (1.57526). On the downside, the important price level at (1.55698) may be tested or broken in the coming sessions, which may pull the pair towards (1.54275 – 1.53617).
We see high chances of the pair move down gradually towards (1.53033 – 1.52449). A proper confirmation would occur if the GBPUSD will manage to close below the (1.53588) support over today`s trading session.
We see high chances of the pair move up gradually towards (1.57731 – 1.58231). A proper confirmation would occur if the GBPUSD will manage to overcome the (1.56942) resistance over today`s trading session.
