M15 & H1 Intraday Key Levels| Bullish Bias
Market Structure: Bullish
Intraday Sentiment: Buy On Dips
Session Focus: London| Nyc
London Market Overview
GBPUSD Forecast confirmed the bullish momentum on h1 time frame. Therefore the GBPUSD Forecast close above the resistance at 1.35696 amid the nyc session yesterday on h1 time frame. As a result GBPUSD Forecast setup the fresh support at 1.35650 on h1 time frame. Meanwhile the m15 time frame follows broader time frame bullish bias. Therefore the GBPUSD Forecast shaped the fresh support at 1.35650 on m15 time frame. In addition, as long as the price holds 1.35636 on h1 time frame. As a result the bullish momentum would remain intact.
Support Zones
M15 Support Zone
1,35650 – 1.35636
Fresh Demand Zone
Short Term Support Base
H1 Support Zone
1,35650 – 1.35636
Fresh Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.36379 – 1.36434
Pending Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
1.36111 – 1.36227
Pending Supply Zone
Higher Time Resistance Region
Session Strategy
Although the price may continue to hold the bullish bias on h1 time frame. Therefore the price remains above latest support at 1.35636 on h1 time frame. Meanwhile, a decisive close below 1.35636 on h1 time frame. As a result price may shift the character to the bearish side and could establish the fresh resistance at 1.35749 – 1.35803 on h1 time frame. In addition, a break below 1.35636 on m15 time frame, as the price could shift structure to the bearish side and could create the fresh resistance at 1.35763 – 1.35803 on h1 time frame.
Nyc Session Outlook
However the price could stay under the bullish structure on h1 time frame. Therefore the price hovers above the support zone at 1.35636 on h1 time frame. Although the price remains between unchanged support zones on h1 time frame. In addition, the m15 time frame follows the bullish trend, as the price confirmed the fresh support at 1.35852 on m15 time frame.
Key Support & Resistance Zones
Support Zones
M15 Support Zone
1,35852 – 1.35814
Fresh Demand Zone
Short Term Support Base
H1 Support Zone
1,35650 – 1.35636
Pending Demand Zone
Higher Time Frame Support Region
Resistance Zones
M15 Resistance Zone
1.36981 – 1.36992
Pending Supply Zone
Short Term Resistance Zone
H1 Resistance Zone
1.36606 – 1.36702
Pending Supply Zone
Higher Time Resistance Region
Session Strategy
Although the price may remain favorable for the buyers on h1 time frame. Therefore the price continues above recent support at 1.35636 on h1 time frame. Meanwhile, a sustained close below 1.35636 on h1 time frame. As a result price could shift the character to the sellers side and may establish the fresh resistance at 1.35749 – 1.35803 on h1 time frame. In addition, a finish below 1.35814 on m15 time frame, as the price may shift momentum to the bearish side and may introduce the fresh resistance at 1.35896 – 1.35957 on h1 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