M15 & H1 Intraday Key Levels|Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
Although the GBPUSD Forecast is following yesterday’s bullish structure, as the GBPUSD Forecast trades above the last support at 1.33256 in higher time frame.
Support Zones
M15 Support Zone\H1 Support Zone
Currently the price hasn’t established new support in m15 and h1 timeframe, as the last support already tapped by the price at 1.33256 and structure is still bullish
Resistance Zones
M15 Resistance Zone\H1 Resistance Zone
1.34285 – 1.34319
Pending Supply Area
Multi-timeframe Resistance Zone
Session Strategy
The structure remains bullish until the buyers are defending the 1.33039 level on h1 time-frame. If 1.33039 breaches then the price will establish change of character in higher time frame, 1.33699 will act as h1 higher time frame resistance, As long as the price holds the last resistance at 1.33039 on h1 higher time frame, the bullish momentum remains intact.
Nyc Session Outlook
Although the price is continuing it’s bullish structure while trading above last support at 1.33039 on h1 time frame. Meanwhile the Price hasn’t established any fresh support yet as awaiting for the new structure .
Key Support and Resistance Zones
M15\H1 Support :
The price hasn’t formed or established any fresh support on h1 higher time frame as well as on m15 time frame yet. Meanwhile awaiting for the new structure.
H1 Resistance
1.34285 – 1.34319
Pending Supply Area
Multi-timeframe Resistance Zone
Session Strategy
Although the buyers are dominating the price, meanwhile the price hasn’t formed any new support yet. In addition the valid support remain at 1.30600 in 1d timeframe. Meanwhile awaiting for the new structure.
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