GBPUSD Still Bullish But Lack of Momentum
Preferences: BULLISH
Reference Area: 1.29858-1.29482 (search for BULLISH signal confirmation)
Support: 1.29858, 1.29482, 1.28874
Resistance: 1.30446, 1.30842, 1.31262
Comment:
GBPUSD is generally still in a bullish bias but lacks momentum as the sideways movement is seen on the H1 chart. As a trading strategy based on technical analysis today today you can look for buy signal in the reference area at the range 1.29858-1.29482 with potential rebound up to the range 1.30090-1.30466. Instead be careful if support at 1.29482 breaks again as it will turn the intraday bias back to bearish and potentially will hit the sterling up to the range 1.29250-1.28874.
Reference Area: 1.29858-1.29482 (search for BULLISH signal confirmation)
Support: 1.29858, 1.29482, 1.28874
Resistance: 1.30446, 1.30842, 1.31262
Comment:
GBPUSD is generally still in a bullish bias but lacks momentum as the sideways movement is seen on the H1 chart. As a trading strategy based on technical analysis today today you can look for buy signal in the reference area at the range 1.29858-1.29482 with potential rebound up to the range 1.30090-1.30466. Instead be careful if support at 1.29482 breaks again as it will turn the intraday bias back to bearish and potentially will hit the sterling up to the range 1.29250-1.28874.
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