The price of GBP/USD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Related Posts
EURJPY – Large moves like this tend to draw attention.
EURJPY reached 172.4555 after a 0.79% move spanning 11 hours.
EURAUD is quickly approaching the resistance line of a Channel Down. We expect either a breakout through this line or a rebound.
EURAUD was identified at around 1.780935 having recently rebounded of the support on the 4 hour data interval.…
EURCHF reached 0.936355 after a 0.33% move spanning 6 hours.
EURCHF recorded an exceptional 0.33% move over the last 6 hours. Whether you follow trends or look for…