GBP/USD
repeatedly tried to break below the support at 1.5470, failed to do that,
formed a hanging man and a marubozu candlesticks above the support and finally
started moving to the upside again. Currently the pair has almost reached the
resistance at 1.5700. Should it manage to break above that level it will likely
continue climbing towards the next resistance level, which is at 1.5750 and
coincides with (89)MA on the weekly filter chart. I, personally, think it is
quite possible for it to break above that resistance too so the bullish trend
can continue.
Great analysis, you got it.
ReplyDeleteVery well spotted!
ReplyDeleteSeems going up
ReplyDelete