The movement of GBP/USD towards 1.3018 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 17 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Related Posts
If you’re long USD/CAD you should be aware of the rapidly approaching level of 1.3607
USD/CAD is moving towards a key support level at 1.3607. This is a previously tested level for USD/CAD.…
Supports and resistances are primary concepts of technical analysis. GBP/USD is heading for an important price of 1.2774 – read about what this could mean for the future.
GBP/USD is about to retest a key horizontal resistance level near 1.2774. It has tested this level 4…
We expect a 118 pip movement on USDJPY for the next 12 hours.
Based on the last 12 GDP Growth Rate QoQ events in Canada, we may expect USDJPY to trend…