GBP/USD is moving towards a support 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 11 days and may test it again within the next 3 days.
Related Posts
Breach of 154.9730 could mean a start of a bullish trend on USD/JPY
The price of USD/JPY in heading in the direction of 157.6716. Despite the recent breakout through 154.9730 it…
Breach of 1.3703 could mean a start of a bullish trend on USD/CAD
USD/CAD has broken through 1.3703 which it has tested numerous times in the past. We have seen it…
Bulls aim for 1.0728 after the EUR/USD triggered a bearish formation on the 1 hour chart
EUR/USD moved through the support line of a Triangle at 1.0764983582089553 on the 1 hour chart. This line…