GBP/USD has broken through a resistance line. It has touched this line numerous times in the last 3 days. This breakout shows a potential move to 1.2302 within the next 14 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Related Posts
Because EURJPY formed a Channel Down pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
EURJPY is moving towards a resistance line which it has tested numerous times in the past. We have…
If you’re short EURUSD you should be aware of the rapidly approaching level of 1.0593
EURUSD is moving towards a resistance line. Because we have seen it retrace from this level in the…
CHFJPY is quickly approaching the resistance line of a Channel Down. We expect either a breakout through this line or a rebound.
An emerging Channel Down has been detected on CHFJPY on the 4 hour chart. There is a possible…