The intraday bias for GBP/USD currently remains bullish and currently testing the resistance area at 1.57680. If the resistance breaks, sterling may continue to move higher.

GBP/USD

The intraday bias for GBP/USD currently remains bullish and currently testing the resistance area at 1.57680. If the resistance breaks, sterling may continue to move higher up to 1.58793.

As alternative scenario, you may try to look for another buy signal confirmation if correction occurs to the support area at 1.56714 with rebound target would be at 1.57680.

On the contrary, be careful if the support at 1.56714 breaks, because it will turn intraday bias into bearish and potentially will push sterling down to 1.55634.


GBPUSD

USD/CHF

USD/CHF remains in bearish bias in general. A pull-back move has occurred into the Fibonacci resistance area at 0.91730 – 0.92083. Hourly stochastic and CCI are oversold. You can look for sell signal confirmation within the resistance area with target back to 0.91161 – 0.90505.

On the contrary, be careful if the resistance at 0.92083 breaks, because it will turn the intraday bias to bullish and potentially will raise price up to 0.92652.


USDCHF