The Pound Muscling The Yen!
Today, we are seeing strength in the British Pound, with bullish momentum pushing
price towards the recent resistance level.
We had a decline on March 28th, which found support around 160.00, and from
April 1st, the buyers have gained back control and moving price back to the upside.
A break and close above the recent resistance at 164.65 will be significant because
it will be the first breakout following the breakout from consolidation on March 22nd.
This will be our signal and confirmation of a trend continuation where we are likely
to see a strong trend unfold.
Be on the lookout for that breakout because there could be an opportunity to profit
well from a strong move in this forex pair.
If you like enjoyed this post, make sure to like, and follow for more quality content!
If you have any questions or comments, comment below. We reply to every comment!
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
price towards the recent resistance level.
We had a decline on March 28th, which found support around 160.00, and from
April 1st, the buyers have gained back control and moving price back to the upside.
A break and close above the recent resistance at 164.65 will be significant because
it will be the first breakout following the breakout from consolidation on March 22nd.
This will be our signal and confirmation of a trend continuation where we are likely
to see a strong trend unfold.
Be on the lookout for that breakout because there could be an opportunity to profit
well from a strong move in this forex pair.
If you like enjoyed this post, make sure to like, and follow for more quality content!
If you have any questions or comments, comment below. We reply to every comment!
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
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