GBPUSD Price Is Targeting $1.37

GBPUSD Price Analysis – January 01 by FxPremiere.com

Should the bulls are able to push up the price to a key resistance level of $1.38, then, $1.40 level may be tested and it may reach the high of $1.42. In case the $1.38 hold, it may reverse and face support levels at $1.35, $1.32 and $1.30. GBPUSD Price Is Ranging

Key levels:

Supply levels: $1.38 $1.40, $1.42

Demand levels: $1.35, $1.32, $1.30

GBPUSD Long-term Trend: Bullish

The GBPUSD is bullish in the daily chart GBPUSD found support at $1.26 level on September 23. The bulls entered the market with pressure and the price bullishly reverse.

GBPUSD Exchange Rate Outlook

November 03 happen to be the beginning of celebration for the bulls when their momentum increases and the confluence at $1.30 was broken upside. The resistance levels of $1.32 and $1.35 could not hold the price. The price is already exposed to the resistance level at $1.38. GBPUSD Price Breaks Up $1.35 Resistance Level

gbpusd GBPUSD Price Is Targeting $1.37

The price increases and currently facing the resistance level of $1.38. GBPUSD is trading above the 9 periods EMA and 21 periods EMA at a distance which indicates strong bullish momentum. Should the bulls are able to push up the price to a key resistance level of $1.38, then, $1.40 level may be tested and it may reach the high of $1.42. In case the $1.38 hold, it may reverse and face support levels at $1.35, $1.32 and $1.30. Forex Signals – Dollar Holds Near Session Highs

GBPUSD Medium-term Trend: Bullish

On the 4-hour chart, GBPUSD is under the bulls’ control. GBPUSD is steadily increasing in the 4-hour chart. The price action has formed an ascending channel and the price is increasing within the channel. The price has broken up the resistance level of $1.35 on December 30. Bullish trend may continue as long as the bears refuses to interfere the bullish trend.

GBPUSD Price Is Targeting $1.37

GBPUSD is trading above the 9 periods EMA and 21 periods EMA which indicates that the pair is under strong bullish pressure. The relative strength index period 14 is pointing up at 70 levels to indicate a buy signal.