GBP/USD is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 20 days and may test it again within the next 3 days.
Related Posts
GBPCHF seems to be on its way to resistance – a possible opportunity?
GBPCHF is about to retest a key horizontal resistance level near 1.0843. It has tested this level 4…
Because USDJPY formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
USDJPY is heading towards the resistance line of a Channel Down and could reach this point within the…
A Channel Up has formed, EURUSD is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
EURUSD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great…