GBP/USD is about to retest a key horizontal resistance level near 1.2644. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Related Posts
Important support line being approached by AUDCAD. This price has been tested numerous time in the last 17 days
AUDCAD was identified at around 0.88591 having recently rebounded of the resistance on the 4 hour data interval.…
After testing resistance twice in the past, EURGBP has finally broken through. Can we expect a bullish trend to follow?
EURGBP has broken through the resistance line which it has tested twice in the past. We have seen…
AUDCAD – breach of price line that’s been previously tested numerous times before
A strong support level has been breached at 0.8888 on the 1 hour AUDCAD chart. Technical Analysis theory…