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GBP Breaks Resistances But There Is More

Published 06/06/2018, 04:44 AM
Updated 05/14/2017, 06:45 AM


AUD/USD made a beautiful price action movement as it broke the horizontal resistance and then tested that as a support and drew a hammer candlestick. No surprise, that after this, the price surged. Now, we are below the long-term down trendline and we are waiting for, either a breakout or a bounce


GBP/CAD broke the neckline of the inverse head and shoulder formation and tested that as a support. The first test was positive for the buyers and the price went significantly higher. Sentiment is positive here and the buy signal is definitely ON.


GBP/JPY has few resistances on the way, where the price can come back to the downtrend. The first two (horizontal) were not used for that purpose though. The price broke them with ease and is now aiming for the mid-term down trendline and the long-term up trendline. Situation here is for the patient traders only and is similar to this one on the AUD/USD. We are waiting for either a bounce or a breakout.

Latest comments

i would like please to know the prices of rebounds to enter sell and b/o for buy? tks
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