GBP/USD is moving towards the resistance line of a Channel Down. Because we have seen it retrace from this line before, 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 4 days and may test it again within the next 14 hours.
Related Posts
A Rising Wedge has formed, EURGBP is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
EURGBP is moving towards a resistance line which it has tested numerous times in the past. We have…
CHFJPY is approaching 186.0470. We expect either a breakout through this line, or a rebound.
CHFJPY is en route to a very important line that will be a definite deciding factor of what…
NZDUSD is signaling a possible trend reversal on the intraday charts with price not breaching resistance.
NZDUSD is moving towards a support line which it has tested numerous times in the past. We have…