GBPUSD has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 1.2712 may materialize within the next 3 days.
Supported by Upward sloping Moving Average
Target: 1.2712 Entry: 1.2586 Stop: 1.254
FTSE 100 is about to retest a key horizontal resistance level near 8313.9004. It has tested this level 5 times in the recent past and could simply bounce off like
The price of USDCHF 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
Descending Triangle pattern identified on EURUSD has broken through a support level with the price momentum continuing to move in an downward direction. A solid trading opportunity continues with the