Took out 1.4830 resistance overnight and looking like it could challenge the all time high of 1.4967 in the near future. Bullish momentum intact above 1.4830 now.
Support: 1.4830 (breakout level), 1.4690 (rising sup from Dec lows) 1.4615 (trend line support), 1.4520, 1.4409 (key rising sup)
Resistance: 1.4967 and 1.500
240 min â€“ Rising support at 1.4695.
The key levels to watch today are 1.9660 resistance and 1.9480 support. The 1.9652 level has been pivotal level over the last few weeks on several occasions. Still bearish sentiment for GBP as long as the falling resistance lines holds (at 1.9736 today). Have another falling resistance at 1.9950 as well.
Support: 1.9652 (key August low), 1.9550, 1.9840 (key level)
Resistance: 1.9660 (key level) 1.9736 (falling res), 1.9950 (falling res), 2.0043 (falling res)
120 min â€“ Falling resistance at 1.9745.
Still bearish outlook below 1.115 level today and has scope to test the 2007 low at 1.0885 after it broke below the 1.0950 overnight.
Resistance: 1.1115 (falling res), 1.1205(former support level), 1.1350(former support), 1.1503 and 1.1596 (key falling resistance)
120 min â€“ Falling resistance coming in at 1.1115.
Bearish below 110.00 level today and any approach looks like a decent sell for today. To the downside the 108.00 level is still key support and any break below this level is bearish for another test of the Nov lows of 107.26.
Support: 108.00 (key level), 107.26 (key Nov low support)
Resistance: 110.00, 110.70, 112.80 (key level) 114.60 (key level), 114.73 (reaction high 11/7-07)
Today 159.40-50 area is key support that looks like an attractive place to go long and with more support down at 159.24. Also a rising trend line coming in at 159.95 today.
Support: 159.95, 159.40-50, 159.24 (key lows)
Resistance: 161.70, 163.69 (former falling resistance line), 166.75 (falling res from the highs), 167.63 (Nov high), 167.73 (Oct high)
Key rising support at 0.9952 and falling resistance coming in at 1.0351, so that looks like the range to play for now, but favor playing it from the long side at the moment.
Support: 0.9952 (rising support from low), 0.9830 (key level), 0.9703 (1 month low)
Resistance: 1.0200, 1.0351 (key level, overhead res), 1.0400(former key support.)
Bullish momentum intact above 0.7505 rising support.
Support: 0.7505 (key rising support), 0,7350, 0.7232 (rising support)
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