GBP/USD is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 6 days and may test it again within the next 19 hours.
Related Posts
We expect EURUSD to trend downwards right now.
Based on the last 12 PPI MoM events in United States, we could see a 90 pip movement…
We expect a $940 movement on GBPUSD within the next 4 hours.
We expect GBPUSD to trend upwards for the next 4 hours. Based on these past Germany ZEW Economic…
We expect a $841 movement on USDJPY within the next 12 hours.
We expect a $841 movement on USDJPY within the next 12 hours. We expect USDJPY to trend upwards…