GBP/USD is moving towards the support line of a Rising Wedge. 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 7 days and may test it again within the next 2 days.
Related Posts
After trying numerous times in the past, USD/CAD finally breaks 1.3670!
The breakout of USD/CAD through the 1.3670 price line is a breach of an important psychological price that…
We expect USDJPY to trend upwards with a 71.43% chance.
Based on the last 12 Michigan Consumer Sentiment Prel events in United States, we could see a 70…
We expect EURUSD to trend upwards with a 83.33% chance.
Based on the last 12 Unemployment Rate events in Canada, we could see a $330 movement on EURUSD…