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Bullish Price Sequence Intact

GBPUSD TECHS
  • RES 4: 1.2069 1.00 proj of the Sep 26 - Oct 5 - 12 price swing
  • RES 3: 1.2000 Psychological round number
  • RES 2: 1.1901 High Aug 26
  • RES 1: 1.1872 Intraday high
  • PRICE: 1.1737 @ 15:09 GMT Nov 14
  • SUP 1: 1.1460 50-day EMA
  • SUP 2: 1.1334/1150 Low Nov 09 / Nov 04 and a bear trigger
  • SUP 3: 1.1061 Low Oct 21
  • SUP 4: 1.0924 Low Oct 12 and a key short-term support

GBPUSD maintains a bullish tone. The pair has cleared resistance at 1.1645, the Oct 27 high. The break confirms a resumption of the bull cycle that started Sep 26 and maintains the positive price sequence of higher highs and higher lows. This opens 1.1901, the Aug 26 high ahead of the 1.2000 psychological handle. On the downside, initial firm support has been defined at 1.1334, the Nov 9 low.

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  • RES 4: 1.2069 1.00 proj of the Sep 26 - Oct 5 - 12 price swing
  • RES 3: 1.2000 Psychological round number
  • RES 2: 1.1901 High Aug 26
  • RES 1: 1.1872 Intraday high
  • PRICE: 1.1737 @ 15:09 GMT Nov 14
  • SUP 1: 1.1460 50-day EMA
  • SUP 2: 1.1334/1150 Low Nov 09 / Nov 04 and a bear trigger
  • SUP 3: 1.1061 Low Oct 21
  • SUP 4: 1.0924 Low Oct 12 and a key short-term support

GBPUSD maintains a bullish tone. The pair has cleared resistance at 1.1645, the Oct 27 high. The break confirms a resumption of the bull cycle that started Sep 26 and maintains the positive price sequence of higher highs and higher lows. This opens 1.1901, the Aug 26 high ahead of the 1.2000 psychological handle. On the downside, initial firm support has been defined at 1.1334, the Nov 9 low.