The price of GBP/USD in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
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The movement of CHFJPY towards the support line of a Channel Down is yet another test of the…
GBPCHF hits 1.10117 after a 3.21% move spanning 18 days
GBPCHF has moved higher by 3.21% from 1.066925 to 1.10117 in the last 18 days.
EURJPY has broken through a resistance line. It has touched this line numerous times in the last 26 days.
A strong resistance level has been breached at 162.8055 on the 4 hour EURJPY chart. Technical Analysis theory…