The price of GBP/USD in heading in the direction of 1.2714. Despite the recent breakout through 1.2686 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
Related Posts
A possible move on NZDUSD as it heads towards resistance
A Rising Wedge pattern was identified on NZDUSD at 0.59518, creating an expectation that it may move to…
GBPCHF seems to be on its way to resistance – a possible opportunity?
GBPCHF is about to retest a key horizontal resistance level near 1.0843. It has tested this level 4…
Because USDJPY formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
USDJPY is heading towards the resistance line of a Channel Down and could reach this point within the…