The price of GBP/USD in heading back to the resistance 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.
ARTÍCULOS RELACIONADOS
After testing 1.2571 numerous times, GBP/USD has finally broken through. Can we expect a bullish trend to follow?
GBP/USD is once again retesting a key horizontal resistance level at 1.2571. It has tested this level 4…
AUD/USD keeps moving closer towards 0.6630. Will it finally breach this level?
AUD/USD is about to retest a key horizontal resistance level near 0.6630. It has tested this level 4…
We expect EURUSD to trend downwards right now.
Based on the last 12 PPI MoM events in United States, we could see a 90 pip movement…