GBPUSD was identified at around 1.29564 having recently rebounded of the support on the 4 hour data interval. Ultimately, the price action of the stock has formed a Channel Up pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 1.3137 level.
ARTÍCULOS RELACIONADOS
EURAUD is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 3 days.
Emerging Channel Up pattern in its final wave was identified on the EURAUD 30 Minutes chart. After a…
Important price line breached by GBPCHF. This price has been tested numerous times before.
GBPCHF has broken through a support line. It has touched this line numerous times in the last 13…
EURJPY – approaching a resistance line that has been previously tested at least twice in the past
EURJPY is moving towards a resistance line. Because we have seen it retrace from this line before, we…