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
USDCAD has broken through a resistance line. It has touched this line numerous times in the last 19 days.
USDCAD has broken through a line of 1.3735 and suggests a possible movement to 1.3814 within the next…
Is the extremely large movement on USDCHF a sign of things to come?
A movement of 1.29% over 2 days on USDCHF doesn’t go unnoticed. You may start considering where it’s…
USDJPY – breach of a trending support line that has been tested at least twice before.
This trade setup on USDJPY is formed by a period of consolidation; a period in which the price…