Preferences: Bullish
Area Reference: Note 1.49109 - 1.48905 (look for bullish signal confirmation)
Support: 1.49109, 1.48905, 1.48576
Resistance: 1.49439, 1.49819, 1.50302
Comment :
In general, GBP / USD at 1 hourly chart looks still in bullish condition and the current price is consolidating. Beware, stochastic indicator is in oversold condition. Note that if the price moves downwards and retained strong support area around 1.48905 - 1.49109 then look for buy signals are confirmed in the area where there is potential price will again move up towards the next resistance in the range of 1.49439 - 1.49819. Instead, be alert if prices break through support at 1.48905 then there is likely price will move down towards the next support at around 1.48576.
Area Reference: Note 1.49109 - 1.48905 (look for bullish signal confirmation)
Support: 1.49109, 1.48905, 1.48576
Resistance: 1.49439, 1.49819, 1.50302
Comment :
In general, GBP / USD at 1 hourly chart looks still in bullish condition and the current price is consolidating. Beware, stochastic indicator is in oversold condition. Note that if the price moves downwards and retained strong support area around 1.48905 - 1.49109 then look for buy signals are confirmed in the area where there is potential price will again move up towards the next resistance in the range of 1.49439 - 1.49819. Instead, be alert if prices break through support at 1.48905 then there is likely price will move down towards the next support at around 1.48576.
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