M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Session Overview
GBPUSD Forecast extending the yesterday’s bullish structure on h1 time frame, as the bulls continues their effectiveness above the last low at 1.33789 on h1 time frame. Meanwhile the buyers stay with yesterday’s established accumulation zones on h1 time frame. On the other hand, the bulls continues their effectiveness on m15 time frame. As a result GBPUSD Forecast continues above the last low at 1.33805 on m15 tie frame. However the buyers trades with old demand zone on m15 time frame, as established previously on m15 time frame.
Support Zones
M15 Support Zone
1.33475 – 1.33468
Pending Accumulation Area
Buyer Side Region
H1 Support Zone
1.33461 – 1.33285
Pending Buyers Range
Major Support Boundary
Resistance Zones
M15 Resistance Zone
1.35264 – 1.35292
Historic Supply Region
Key Resistance Field
H1 Resistance Zone
1.35297 – 1.35329
Prior Restriction Area
Previous Selling Zone
Session Strategy
However the structure may intact the bullish bias on h1 time frame. Meanwhile the buyers remains on the positive side above the last low at 1.33789 on h1 time frame. Therefore, a finish below 1.33789 on h1 time frame. As a result the sellers may initiate to show their effectiveness and develop the fresh resistance at 1.34090 – 1.34124 on h1 time frame. In addition, a define acceptance below 1.33808 on m15 time frame. Meanwhile the price could favor the bears and may confirm the fresh resistance at 1.33986 – 1.34031 on m15 time frame.
Nyc Session Outlook
Although the Buyers may remain effective on h1 time frame, as the structure stay positive above the prior low at 1.33789 on h1 time frame. Meanwhile the price continues to trade under the buyers favors, while the buyers stay tilted to the previous support range on h1 time frame. On the other hand, m15 time frame holds consolidation structure, while maintaining the bullish bias above 1.33808 on m15 time frame. However the price continue to align to the old accumulation area on m15 time frame.
Key Support & Resistance Zone
Support Zones
M15 Support Zone
1.33475 – 1.33468
Pending Accumulation Area
Buyer Side Region
H1 Support Zone
1.33461 – 1.33285
Pending Buyers Range
Major Support Boundary
Resistance Zones
M15 Resistance Zone
1.35264 – 1.35292
Historic Supply Region
Key Resistance Field
H1 Resistance Zone
1.35297 – 1.35329
Prior Restriction Area
Previous Selling Zone
Session Strategy
However the buyers may follow their bullish strength on h1 time frame, as the structure holds the positive side above the last low at 1.33789 on h1 time frame. Meanwhile, a structured close below 1.33789 on h1 time frame. However the sellers may establish their bias and print the latest distribution at 1.34090 – 1.34124 on h1 time frame. Moreover, a confirmed close below 1.33808 on m15 time frame. As a result the price may follow the bearish trend and could setup the latest supply zone at 1.33986 – 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