A strong resistance level has been breached at 1.2545 on the 4 hour GBPUSD chart. Technical Analysis theory forecasts a movement to 1.2604 in the next 3 days.
Supported by RSI below 40
Target: 1.2604 Entry: 1.2561 Stop: 1.2529
GBPUSD breakout through resistance
Categories:
Related Post
Should we expect a breakout or a rebound on NAS 100?Should we expect a breakout or a rebound on NAS 100?
NAS 100 is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or
Possibility of big movement expected on FTSE 100Possibility of big movement expected on FTSE 100
Triangle pattern identified on FTSE 100 has broken through a resistance level with the price momentum continuing to move in an upward direction. A solid trading opportunity continues with the
ETHUSD short term bullish trade setup to 3950.7100ETHUSD short term bullish trade setup to 3950.7100
ETHUSD is moving towards a line of 3950.7100 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at