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
EURGBP may be on a start of a new bearish trend after its breakout through this important support level
EURGBP has breached the support line at 0.8511. It may continue the bearish trend towards 0.8435, or, it…
CHFJPY is signaling a possible trend reversal on the intraday charts with price not breaching resistance.
The movement of CHFJPY towards the support line of a Channel Down is yet another test of the…
GBPCHF hits 1.10117 after a 3.21% move spanning 18 days
GBPCHF has moved higher by 3.21% from 1.066925 to 1.10117 in the last 18 days.