GBP/USD has broken through a resistance line. It has touched this line at least twice in the last 12 days. This breakout may indicate a potential move to 1.2908 within the next 2 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
EURCAD likely to test 1.6205 in the near future. Where to next?
EURCAD is approaching a support line at 1.6205. If it hits the support line, it may break through…
EURJPY is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 8 days.
Emerging Channel Up pattern in its final wave was identified on the EURJPY 1 hour chart. After a…
After testing 0.6651 numerous times, AUDUSD is once again approaching this price point. Can we expect a bearish trend to follow?
AUDUSD is heading towards 0.6651 and could reach this point within the next 19 hours. It has tested…