GBP/USD is moving towards a line of 1.1212 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If GBP/USD continues in its current trajectory, we may see it move towards 1.1212 within the next 3 days.
Related Posts
USD/CHF is approaching 0.9089. We expect either a breakout through this line, or a rebound.
USD/CHF is moving towards a resistance line. Because we have seen it retrace from this level in the…
After trying numerous times in the past, USD/JPY finally breaks 154.9650!
A strong support level has been breached at 154.9650 on the 4 hour USD/JPY chart. Technical Analysis theory…
Extreme movement experienced on AUD/USD. Check this chart to see what to do next
Those of you that are trend followers are probably eagerly watching AUD/USD to see if its latest 1.43%…