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 9 days and may test it again within the next 2 days.
Related Posts
A final push possible on AUDUSD as it starts approaching a price line of 0.6477.
AUDUSD is moving towards a line of 0.6477 which it has tested numerous times in the past. We…
Because EURGBP formed a Channel Down pattern, we expect it to touch the support line. If it breaks through support it may move much lower
EURGBP is heading towards the support line of a Channel Down and could reach this point within the…
Important price line being approached by EURAUD. This price has been tested numerous times before.
The price of EURAUD in heading back to the resistance area. It is possible that it will struggle…