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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After testing the support line numerous times, GBPCHF is once again approaching this line. Can we expect a bearish trend to follow?
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Supports and resistances are primary concepts of technical analysis. EURCAD is heading for an important price of 1.5567 – read about what this could mean for the future.
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