GBP/USD
failed to break below the support at 1.5350, formed a doji candlestick on the daily filter
chart and slowly started climbing, breaking above the resistance at 1.5600
after testing it for a while. What is more, the pair formed a hammer
candlestick on the weekly filter chart, right above the support at 1.5450.
Under these circumstances I think that the pair will continue to move to the
upside for now, heading for the resistance at 1.5760, and should it manage to
break above that resistance it will likely continue climbing towards the
previous high at 1.5930.
Good point, will keep it in mind!
ReplyDeleteVery good levels to go long.
ReplyDeleteIt's consolidating after the gain.
ReplyDeleteVery interesting post, thank you.
ReplyDeleteInteresting to see how it goes from here.
ReplyDelete