GBP/USD has broken through a resistance line. It has touched this line at least twice in the last 14 days. This breakout may indicate a potential move to 1.2489 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
Will EUR/USD break through the resistance level it tested before?
EUR/USD is moving towards a key resistance level at 1.1179. EUR/USD has previously tested this level 4 times…
USD/JPY heading towards a price it has tested 3 times in the recent past.
The price of USD/JPY in heading back to the resistance area. It is possible that it will struggle…
A final push possible on AUD/USD as it starts approaching a price line of 0.6810.
The price of AUD/USD in heading back to the support area. It is possible that it will struggle…