The price of GBP/USD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Related Posts
After testing 0.8622 numerous times, EURGBP has finally broken through. Can we expect a bearish trend to follow?
EURGBP has broken through a support line. Because we have seen it retrace from this price in the…
After experiencing a 1.19% bullish move in the space of 3 days, nobody knows where EURJPY is headed.
EURJPY hits 172.1695 after a 1.19% move spanning 3 days.
A possible move on EURUSD as it heads towards support
A Triangle pattern was identified on EURUSD at 1.17391, creating an expectation that it may move to the…