The breakout of GBP/USD through the 1.3155 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, GBP/USD could test 1.3223 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
If you’re short GBP/USD you should be aware of the rapidly approaching level of 1.3230
GBP/USD is heading towards a line of 1.3230. If this movement continues, the price of GBP/USD could test…
EUR/USD – approaching a price line that has been previously tested numerous times in the past
The movement of EUR/USD towards 1.1070 price line is yet another test of the line it reached numerous…
Supports and resistances are primary concepts of technical analysis. USD/JPY is heading for an important price of 142.5510 – read about what this could mean for the future.
A strong resistance level has been identified at 142.5510 on the 1 hour USD/JPY chart. USD/JPY is likely…