GBP/USD has broken through a resistance line. It has touched this line at least twice in the last 4 days. This breakout may indicate a potential move to 1.2952 within the next 18 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Breach of support could mean a start of a bearish trend on AUDNZD
Rising Wedge pattern identified on AUDNZD has broken through a support level with the price momentum continuing to…
AUDCAD has broken through a support line. It has touched this line numerous times in the last 17 days.
A strong support level has been breached at 0.8925 on the 4 hour AUDCAD chart. Technical Analysis theory…
Resistance line breached by GBPCHF. This price has been tested at least twice before.
GBPCHF has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen…