Cabana Capitals Blog Technical Analysis GBPUSD – getting close to psychological price line

GBPUSD – getting close to psychological price line

GBPUSD – getting close to psychological price line post thumbnail image

GBPUSD 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 a rebound back to current levels. It has touched this line numerous times in the last 17 days and may test it again within the next 4 days.

Supported by Upward sloping Moving Average

Target: 1.2756 Entry: 1.2725 Stop: 1.2707

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