M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
GBPUSD Forecast may continue the yesterday’s bullish structure on h1 time frame. As a result GBPUSD Forecast trades above the recent support at 1.35718 on h1 time frame. Meanwhile GBPUSD Forecast identified the fresh support zone at 1.35780 on h1 time frame. However the m15 time frame remains aligned with the bullish momentum. Meanwhile the GBPUSD Forecast hold the last support at 1.35718 on m15 time frame. As a result GBPUSD Forecast confirmed the fresh support at 1.35786 on m15 time frame. Moreover, until price holds 1.35718 on h1 time frame, bullish bias would remain intact.
Support Zones
M15 Support Zone
1.35786 – 1.35718
Fresh Demand Zone
Short Term Support Zone
H1 Support Zone
1.35786 – 1.35718
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.36140 – 1.36150
Pending Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
1.36334 – 1.36459
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
However the price is likely to hold the bullish momentum on h1 time frame. Therefore the price remains above latest support at 1.35718 on h1 time frame. Meanwhile acceptance below 1.35718 on h1 time frame. As a result price could confirm the bearish momentum and may establish the fresh resistance at 1.35831 – 1.35938 on h1 time frame. In addition, a close below 1.35718 on m15 time frame. As a result the price may secure the bearish bias and form the fresh resistance at 1.35851 – 1.35938 on m15 time frame.
Nyc Session Outlook
Although the price may continue for the bullish extension on h1 time frame, as the price hold the near by support zone at 1.35718 on h1 time frame. However the h1 time frame continuous to respect the last support zone at 1.35786 on h1 time frame. Meanwhile, the m15 time frame holds the bullish momentum and the price remains respected to the prior established support zone at 1.35786 on m15 time frame.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
1.35786 – 1.35718
Fresh Demand Zone
Short Term Support Zone
H1 Support Zone
1.35786 – 1.35718
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.36140 – 1.36150
Pending Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
1.36334 – 1.36459
Pending Supply Zone
Higher Time Frame Resistance Region
Session Strategy
However the price could remain under the bullish momentum on h1 time frame. Therefore price holds the latest support at 1.35718 on h1 time frame. Meanwhile, a move below 1.35718 on h1 time frame. As a result price could initiate the bearish momentum and may setup the fresh resistance at 1.35831 – 1.35938 on h1 time frame. On the other hand, a record close below 1.35718 on m15 time frame. Meanwhile the price could define the bearish bias and produce the fresh resistance at 1.35851 – 1.35938 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