GBP/USD has broken through a support line. It has touched this line numerous times in the last 4 days. This breakout shows a potential move to 1.2202 within the next 8 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Related Posts
Breach of resistance could mean a start of a bullish trend on AUDUSD
AUDUSD has broken through the resistance line which it has tested twice in the past. We have seen…
EURCAD is approaching 1.6318. We expect either a breakout through this line, or a rebound.
EURCAD is about to retest a key horizontal resistance level near 1.6318. It has tested this level 6…
GBPJPY – Large moves like this tend to draw attention.
GBPJPY recorded a considerable move in the last 22 hours — one of its biggest in recent sessions.