The price of GBPUSD in heading in the direction of 1.3381. Despite the recent breakout through 1.3337 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
Supported by Upward sloping Moving Average
Target: 1.3381 Entry: 1.335 Stop: 1.3298
You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that
The movement of GBPUSD towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could
Approaching Support level of 8,877.0000 identified at 8/29 21:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 8,877.0000 within the next 1