Still bearish outlook after the break below 1.4520 Friday and any rally towards 1.45 looks like a selling opportunity. To the downside 1.4173 is key support.
Support: 1.4324 and 1.4183 (key rising sup)
Resistance: 1.4520 and 1.4655(key falling res)
240 min â€“ Falling res at 1.4653 and former support line (now res) at 1.4406.
Yesterday it broke below 2.0100 after several bounces and after the key 2.0068 level was taken out it was basically one way traffic. Next support level now is October low at 1.9879 followed by 1.9709. Pretty bearish sentiment for GBP at the moment as long as the falling resistance line holds (at 2.0412 today). Upside you have resistance from 2.0440 to 2.0500 basically and I donâ€™t expect it to break above this level this week, so any rally up there is a possible sell.
Support: 1.9879 (Oct low), 1.9709 (key), 1.9652 (key August low)
Resistance: 2.0080 (former support), 2.042 (falling res), 2.0456 (falling res), 2.0503 (key level)
See 120 min â€“ Falling resistance at 2.010 and 2.0423.
Falling resistance coming in at 1.1692 today and key resistance level at 1.1600. A break of 1.1600 (key swing level) could see a spike higher and increased momentum to the upside. Maybe sell right below 1.1600 for a move lower.
Support: 1.1442 (key rising), 1.1352 (breakout level)
Resistance: 1.1600 (key level), 1.1630 (former support level), 1.1692 (key falling resistance)
120 min â€“ Rising support at 1.1423 and overhead at 1.1650.
Key downtrend line coming in at 113.99 today and would look to sell on any approach towards this level. Key rising support coming in at 112.47.
Support: 112.70, 112.47 (rising uptrend line from Nov low) and 111.87 (key level)
Resistance: 113.53 (weekly high), 113,99 (key level), 114.73 (reaction high 11/7-07)
120 min â€“ Rising support coming in at 112.46.
Key rising uptrend line from the August low coming in at 161.62 today, so buy dips to this level or sell on approach of 163.80 resistance.
Support: 161.77 (rising key sup from Aug low), 161.35 (rising sup from Nov low), 160.90 (former key sup)
Resistance: 163.80 (pivot level over the last week), 164.75 (falling res), 165,30 (Key level)
120 min â€“ Falling resistance at 162.83 and 164.77.
Rising overhead resistance at 1.0262 today and underline support coming in at 1.0020 today. Traded below the 1 month old uptrend line for the first time Tuesday and closed below it yesterday, bearish signal and lower levels can be expected.
Support: 0.9974(reaction low several times of the last month), 0.9834, 0.9703 (1 month low)
Resistance: 1.0267 (key level, overhead res)
120 min â€“ Overhead resistance at 1.0250.
Key rising uptrend line coming in at 0.7088 today, so buy ahead of there.
Support: 0.7103, 0.7088 (reaction low 3/12), 0.7088 (key uptrend level), 0.7027 (former break out)
Resistance: 0.7203 (falling resistance from high, key level), 0.7239 (2007 high), 0.7254 (2003 high)
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