GBP/USD is heading towards a line of 1.0998. If this movement continues, the price of GBP/USD could test 1.0998 within the next 4 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
Related Posts
We expect a 22 pip movement on USDCAD for the next 2 hours.
We expect USDCAD to trend downwards for the next 2 hours. Based on these past Japan Consumer Confidence…
After testing support twice in the past, EUR/USD has finally broken through. Can we expect a bearish trend to follow?
Channel Up pattern identified on EUR/USD has broken through a support level with the price momentum continuing to…
USD/CHF – breach of a trending support line that has been tested at least twice before.
You would be well advised to confirm the breakout that has just occurred – do you believe the…