GBP Technical Analysis

D1 price is located near Senkou Span line on the ranging condition waiting for direction:

• if the price breaks 1.9871 resistance level to above on close daily bar so the bullish trend will be resumed;
• if the price breaks 1.9032 support level to below so the reversal of the price movement from the ranging bullish to the primary ebarish market condition will be started.

GBP/NZD M5: 73 pips price movement by Brexit Referendum Polls Open news event

GBP/JPY M5: 159 pips price movement by Brexit Referendum Polls Open news event

GBP/USD M5: 67 pips price movement by Brexit Referendum Polls Open news event

Weekly price is located below Ichimoku cloud in the primary bearish area of the chart: the price is on bearish breakdown for 1.2856 support level to be tested to below for the bearish trend to be continuing.

If W1 price breaks 1.3412 resistance level on close bar so the local uptrend as the bear market rally will be started.
If W1 price breaks 1.2856 support level on close bar so the bearish breakdown will be continuing.
If not so the price will be on bearish ranging within the levels.

D1 price is on bearish breakdown with 1.6682 support level to be broken for the bearish trend to be continuing. Alternative, if the price breaks 1.7140 resistance level to above so the local uptrend as the bear market rally will be started.

Monthly price is on breakdown: the price was bounced from 200 SMA to below with 1.7132 support level to be broken for the bearish breakdown to be continuing.

GBP/NZD D1: bearish ranging within narrow levels. The price is located below Ichimoku cloud in the bearish area of the chart for the ranging within the following key support/resistance levels:

• 1.7995 support level located below Ichimoku cloud and Senkou Span line in the bearish area, and
• 1.9048 resistance level located below Ichimoku cloud in the beginning of the bear market rally to be started.

If the price breaks 1.7995 support level to below on close D1 bar so the bearish trend will be continuing.
If the price breaks 1.9048 resistance to above on close D1 bar so the local uptrend as the bear market rally will be started.
If not so the price will be continuing with the ranging within the levels.

GBP/USD D1: bearish ranging within narrow levels. The price is located below Ichimoku cloud for the ranging within the following support/resistance levels:

• 1.2795 support level located below Ichimoku cloud in the bearish area of the chart, and
• 1.3480 resistance level located below Ichimoku cloud in the beginning of the bear market rally to be started.

If the price breaks 1.2795 support level to below on close D1 bar so the bearish trend will be continuing.
If the price breaks 1.3480 resistance to above on close D1 bar so the local uptrend as a bear market rally will be started.
If not so the price will be continuing with the ranging within the levels.

GBP/JPY D1: bearish trend to be continuing. The price is located below Ichimoku cloud for the bearish market condition: price broke symmetric triangle pattern to below for the 133.22 nearest bearish target to re-enter.

If the price breaks 133.22 support level to below on close D1 bar so the bearish trend will be continuing with 128.75 possible bearish target.
If the price breaks 143.22 resistance to above on close D1 bar so the bullish reversal will be started.
If not so the price will be continuing with the ranging within the levels.