GBP/USD is heading towards the support line of a Channel Down and could reach this point within the next 10 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Related Posts
USD/CHF breakout from a Ascending Triangle trade setup. Will it continue this trend to hit the target price?
USD/CHF has broken through a resistance line. It has touched this line at least twice in the last…
AUD/USD has broken through support of a Channel Up. It has touched this line at least twice in the last 13 days.
The last 13 4 hour candles on AUD/USD formed a Channel Up pattern and broken out through the…
If USD/CAD touches 1.3739 it may be time to take action.
The movement of USD/CAD towards 1.3739 price line is yet another test of the line it reached numerous…