GBP/USD has broken through a resistance line. It has touched this line numerous times in the last 2 days. This breakout shows a potential move to 1.2522 within the next 7 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Related Posts
GBPCHF is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.
GBPCHF is moving towards a support line. Because we have seen it retrace from this line before, we…
Could a large bullish move on USDCAD be a sign of things to come?
USDCAD hits 1.44413 after a 0.79% move spanning 11 hours.
EURJPY seems to be on its way to resistance – a possible opportunity?
The price of EURJPY in heading back to the resistance area. It is possible that it will struggle…