Yesterday I
was looking at the GBP/USD weekly filter chart and I was wondering whether the
pair would be able to break above the resistance at 1.5600. It did and not only
did it break above the resistance but it steadily continued climbing all day. I
think it is safe to say that the pair is headed for the resistance level at
1.5800, although I doubt it will stop there. Should it be able to break above
the resistance at 1.5800, the pair will probably continue rising until it reaches
1.6000, perhaps even 1.6100, both of which are serious levels of resistance
visible on the monthly filter chart.
Great analysis with useful information! Thank you!
ReplyDeleteThis analysis is very useful! Tks
ReplyDeleteI agree with your assessment.
ReplyDeletenice pullback.
ReplyDeleteGreat assessment. I'll keep a close eye on the currency.
ReplyDeleteTotally agree with you.
ReplyDeleteIndeed, let's see further development.
ReplyDelete