M15 & H1 Intraday Key Levels| Bullish Bias(Mid London Character Shift)
Market Structure: Bullish (Mid London Character Shift)
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
The GBPUSD Forecast structure is bearish on h1 higher time frame, as the price established character shift on m15 time frame while forming a short term support base at 1.32859 on m15 time frame.
Resistance Zones
M15 Resistance Zone
1.34285 – 1.34319
Pending Supply Area
Multi Timeframe Resistance Zone
H1 Resistance Zone
1.34285 – 1.34319
Pending Supply Area
Multi Timeframe Resistance Zone
Support Zones
M15 Support Zone\H1 Support Zone
As the GBPUSD Forecast continue its bearish structure on h1 higher time frame, the price established character shift in m15 time frame while forming short term support base at 1.32859, meanwhile the h1 higher time frame support will remain at 1.32960
Session Strategy
Although the sellers are dominating on h1 higher timeframe. Meanwhile the buyers are defending the short term support base at 1.32859 on m15 time frame. Moreover if price closes above 1.34319 on h1 time frame then the price establish character shift on h1 higher time frame. In addition the bullish momentum remain intact.
Nyc Session Outlook
Although during the mid london the price established character shift on higher timeframe. Moreover the price decisively close above 1.33699 on h1 time frame. Meanwhile forming support at 1.33256 on higher timeframe.
Key Support and Resistance Zones
M15 Support:
1.32859 – 1.32817
Pending Intraday Demand Zone
H1 Support:
1.33256 – 1.33039
Fresh Intraday Higher timeframe Support
H1 Resistance:
1.34285 – 1.34319
Pending Higher Timeframe Resistance Area
Session Strategy
Although the structure remains bullish. Meanwhile the buyers are dominating the price while forming higher timeframe support at 1.33256. Moreover the sellers are active at 1.34285 may dominate the price till 1.33256. Furthermore bullish momentum continues as long as the price holds the last support.
Key Takeways
Trend: Bullish (Mid London Character Shift)
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