GBP/USD has broken through a resistance line. It has touched this line numerous times in the last 16 days. This breakout shows a potential move to 1.2352 within the next 3 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Related Posts
AUDJPY is signaling a possible trend reversal on the intraday charts with price not breaching support.
AUDJPY is moving towards a resistance line which it has tested numerous times in the past. We have…
USDJPY – breach of price line that’s been previously tested numerous times before
A strong resistance level has been breached at 147.4710 on the 30 Minutes USDJPY chart. Technical Analysis theory…
A possible move on NZDUSD as it heads towards resistance
A Rising Wedge pattern was identified on NZDUSD at 0.59518, creating an expectation that it may move to…