GBP/USD is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 12 days and may test it again within the next 3 days.
Related Posts
Supports and resistances are primary concepts of technical analysis. GBPUSD is heading for an important price of 1.2950 – read about what this could mean for the future.
GBPUSD is about to retest a key horizontal resistance level near 1.2950. It has tested this level 7…
After testing resistance twice in the past, EURJPY has finally broken through. Can we expect a bullish trend to follow?
You would be well advised to confirm the breakout that has just occurred – do you believe the…
Could a large bearish move on AUDNZD be a sign of things to come?
AUDNZD hits 1.0843 after a 0.72% move spanning 11 hours.