M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Session Overview
GBPUSD Forecast remains on the buyers side on h1 time frame, as the buyers stay protective for the last low at 1.33027 on h1 time frame. However the bulls continues with the unchanged support zones on h1 time frame. Therefore the pending zones would remain effective on h1 time frame. Meanwhile the bulls are controlling m15 time frame bias, while GBPUSD Forecast operates above the prior low at 1.33803 on m15 time frame. Although the previous demand zone would stay valid on m15 time frame.
Accumulation Zones
M15 Accumulation Zone
1.33475 – 1.33468
Historic Demand Level
Intraday Buying Zone
H1 Accumulation Zone
1.33461 – 1.33285
Prior Buyers Boundary
Higher Time Frame Support Region
Distribution Zones
M15 Distribution Zone
1.35264 – 1.35292
Old Restriction Region
Intraday Supply Field
H1 Distribution Zone
1.35297 – 1.35329
Previous Restriction Boundary
Major Selling Area
Session Strategy
Although the bulls carry forward the positive structure on h1 time frame. Meanwhile the bulls stay present above the last low at 1.33027 on h1 time frame. However, a structured close below 1.33027 on h1 time frame. As a result structure could confirm the establishment of bearish structure and set up the fresh supply at 1.33285 – 1.33461 on h1 time frame. On the other hand, a move below 1.33803 on m15 time frame, as the bulls may leave their momentum and generate the fresh supply at 1.33980 – 1.34031 on m15 time frame.
Nyc Session Outlook
However the structure remains the bulls dominating on h1 time frame. Therefore the buyers remains intact above the last low at 1.33027 on h1 time frame. Meanwhile structure remain within the same demand boundaries on h1 time frame. On the other hand, the m15 time frame carrying forward the h1’s bullish structure on m15 time frame, with the structure holds the positive bias above 1.33803 on m15 time frame. However the structure would keep previous support levels intact on m15 time frame.
Key Accumulation & Distribution Levels
Accumulation Zones
M15 Accumulation Zone
1.33475 – 1.33468
Historic Demand Level
Intraday Buying Zone
H1 Accumulation Zone
1.33461 – 1.33285
Prior Buyers Boundary
Higher Time Frame Support Region
Distribution Zones
M15 Distribution Zone
1.35264 – 1.35292
Old Restriction Region
Intraday Supply Field
H1 Distribution Zone
1.35297 – 1.35329
Previous Restriction Boundary
Major Selling Area
Session Strategy
Although the structure maintain to favor the buyers on h1 time frame, while the remains buyers side above the last low at 1.33027 on h1 time frame. Meanwhile, a close beyond 1.33027 on h1 time frame. As a result upside structure may gain the confirmation and build the fresh supply at 1.33285 – 1.33461 on h1 time frame. On the other hand, if price close firmly below 1.33803 on m15 time frame, as the sellers may preserve the bearish momentum and markout the latest supply at 1.33980 – 1.34031 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
Moreover, for daily GBPUSD chart analysis refer my GBPUSD Daily Analysis section