GBP/USD has broken through a line of 1.2735 and suggests a possible movement to 1.2845 within the next 3 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 16 days.
Related Posts
There is a possibility of a big movement on USD/CAD after a breach of the support
Channel Up pattern identified on USD/CAD has broken through a support level with the price momentum continuing to…
A final push possible on NZD/USD as it starts approaching a price line of 0.6082.
NZD/USD is approaching a resistance line at 0.6082. If it hits the resistance line, it may break through…
We expect GBPUSD to trend upwards right now.
Based on the last 12 JOLTs Job Openings events in United States, we could see a $1950 movement…