Breach of important price line imminent by GBPUSD

GBPUSD is moving towards a line of 1.1607 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If GBPUSD continues in its current trajectory, we may see it move towards 1.1607 within the next 18 hours.

Trade Now Sign Up
Try a Free Demo Account

Leave a comment