GBP/USD has broken through the support line of a Double Top technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 19 days and suggests a possible target level to be around 1.1797 within the next 3 days.
Related Posts
GBP/USD likely to test 1.2674 in the near future. Where to next?
The movement of GBP/USD towards 1.2674 price line is yet another test of the line it reached numerous…
NZD/USD is approaching 0.6125. We expect either a breakout through this line, or a rebound.
The price of NZD/USD in heading back to the resistance area. It is possible that it will struggle…
We expect a 46 pip movement on GBPUSD for the next 2 hours.
We expect GBPUSD to trend upwards for the next 2 hours. Based on these past United States Personal…