GBPUSD has broken through a support line. It has touched this line numerous times in the last 9 days. This breakout shows a potential move to 1.2855 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Supported by Downward sloping Moving Average
Target: 1.2855 Entry: 1.2907 Stop: 1.3009
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that
AUDUSD was identified at around 0.67117 having recently rebounded of the resistance on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Down
LTCUSD 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