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Bullish above the 1.4594, rising support coming in at 1.4386 today and resistance at 1.4830 (Fridaysâ€™ high). Looks to be buy on dips scenario for today.
Support: 1.4594 (trend line support), 1.4520, 1.4386 (key rising sup)
Resistance: 1.4830 and 1.4880
240 min â€“ former rising support now resistance?
The key levels to watch today are 1.9886 resistance and 1.9650 support. The pivotal 1.9652 level has been the support point on several occasions and I think we will either see a run higher or a breakdown over the next 2 days to decide where we are heading next. Still bearish sentiment for GBP as long as the falling resistance lines holds (at 2.0060 today). Have another falling resistance at 2.0138.
Support: 1.9700, 1.9652 (key August low)
Resistance: 1.9886 (falling res), 2.000 (former support), 2.0072 (former rising support from 1.86 area) 2.0060 (falling res), 2.0138(falling res), 2.0503 (key level)
120 min â€“ Falling resistance at 1.9886.
Bearish outlook below 1.1200 level today.
Support: 1.1100, 1.1074, 1.0950
Resistance: 1.1205(former support level), 1.1350(former support), 1.1630 (former support level), 1.1538 and 1.1631 (key falling resistance)
120 min â€“ Falling resistance coming in at 1.1314.
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.
Support: 109.02 (former falling resistance), 108.70, 108.00 (key level), 107.20
Resistance: 110.00, 110.70, 112.80 (key level) 114.60 (key level), 114.73 (reaction high 11/7-07)
Printed daily lows below the 160 level for 3 consecutive days now, just ahead of the 159.40-50 key support that looks like an attractive place to go long and with more support down at 159.24.
Support: 159.40-50, 159.24 (key lows)
Resistance: 161.30, (falling res from highs in Dec), 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 0.9876 and key support at 0.9703 (any approach towards this level should provide a decent buy set up). Falling resistance coming in at 1.0103 today that should hold on the first test.
Support: 0.9876 (rising support from low) 0.9703 (1 month low)
Resistance: 1.0103 (key level, overhead res), 1.0330 (overhead res)
Quite bullish sentiment and could we see 0.7500 soon?
Support: 0.7415, 0,7350, 0.7193 (rising support), 0.7088 (reaction low 3/12), 0.7139 (key uptrend level), 0.7027 (former break out)
Resistance: 0.7500 (psychological level)
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