M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
However GBPUSD Forecast validated the bullish character shift on h1 time frame, as GBPUSD Forecast closes above the resistance at 1.35357 on h1 time frame. As a result GBPUSD Forecast introduced the fresh support at 1.34822 on h1 time frame. Meanwhile the m15 time frame bias remains aligned with bullish bias, as the GBPUSD Forecast trades above near by support at 1.35061 on m15 time frame. Therefore the GBPUSD Forecast printed the fresh support at 1.35258 on m15 time frame. In addition, a decisive close above 1.35487 on m15 time frame, could establish the fresh support on m15 time frame
Support Zones
M15 Support Zone
1.35258 – 1.35205
Fresh Demand Zone
Short Term Key Support Base
H1 Support Zone
1.34821 – 1.34751
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
However the price trades in bullish structure on m15 time frame. Therefore the price hasn’t established any fresh or pending resistance on m15 time frame. Meanwhile awaiting for the fresh breakdown confirmation
H1 Resistance Zone
1.36334 – 1.36459
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
However the price could stay with in the bullish structure on h1 time frame. Therefore the price trades above the latest support at 1.34481 on h1 time frame. Meanwhile a break below 1.34481 on h1 time frame. As a result price may shift the bias to the bearish side and may set up the fresh resistance at 1.34751 – 1.34821 on h1 time frame. In addition, a move below 1.35060 on m15 time frame, as the price would confirm the change of character to the bearish side and may shape the fresh resistance at 1.35366 – 1.35377 on m15 time frame.
Nyc Session Outlook
Although price may trade under bullish momentum on h1 time frame, as the price hover above the near by support at 1.34481 on h1 time frame. Meanwhile the price developed the fresh support at 1.35334 on h1 time frame. In addition, the m15 time frame continuously making the higher high and higher low and introduced the fresh support at 1.35508 on m15 time frame.
Key Support & Resistance Zones
Support Zones
M15 Support Zone
1.35506 – 1.35480
Fresh Demand Zone
Short Term Key Support Base
H1 Support Zone
1.35334 – 1.35247
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
Although the structure favors the buyers on m15 time frame. Meanwhile the price hasn’t established any fresh or pending resistance on m15 time frame. Therefore awaiting for the fresh breakdown confirmation
H1 Resistance Zone
1.36334 – 1.36459
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
However the price may keep favoring the bullish bias on h1 time frame. Meanwhile the price operates above the latest support at 1.35247 on h1 time frame. Therefore, a close below 1.35247 on h1 time frame. Meanwhile the price may shift the structure to the bearish side and could set up the fresh resistance at 1.35447 – 1.35487 on h1 time frame. On the other hand, a finish below 1.35480 on m15 time frame, as the price could developed the change of bias to the bearish side and could shape the fresh resistance at 1.35542 – 1.35578 on m15 time frame.
Key Takeways
Trend: Bullish
Bias: Buy On Dips
Follow H1 Structure
Disclaimer
Although this analysis is for educational and informational purposes only. Therefore it does not constitute financial advice. However always manage your risk and trade responsibly.
In addition, check out my Previous GBPUSD Forecast post
For daily GBPUSD chart analysis refer my GBPUSD Daily Analysis section