Although
for a while it appeared that GBP/USD may not be able to break above the
resistance at 1.4640 because the pair briefly bounced off that level, later it
formed a doji candlestick on the four-hour time-frame and once against started
climbing, broke above that resistance, and then broke above the next
resistance level at 1.4660. Currently the pair is still moving to the upside
and I think it will likely continue climbing. Its next target is probably the
previous high at 1.4769 and if we take a look at the monthly time-frame it
becomes clear that a breakout above that resistance could lead a further move
to the upside towards 1.5080.
It found some resistance at 1.4730.
ReplyDeleteCable grasped 100 pips today and still is pushing higher.
ReplyDeleteI've opened a long position on the 24th and closed yesterday at the end of the session. It was a pretty good trade. :-)
ReplyDeleteIt's testing 1.4600 handle.
ReplyDeleteInformative article, thanks.
ReplyDelete