The GBP/USD is testing new resistance zones from 2018 which are approximately 1.43340 and the price can continue bulling and break the resistance to the 1.50000 level As seen in 2017 and those Resistance levels indicate where there will be a surplus of sellers...and the markets will go bearish again as been seen.
NOTES: To trade the bounce keep eyes on markets and Sell when the price rises towards the levels mentioned above (resistance).
PRO TIP: The more often price tests a level of resistance or support without breaking it, the stronger the area of resistance or support is.
NOTES: To trade the bounce keep eyes on markets and Sell when the price rises towards the levels mentioned above (resistance).
PRO TIP: The more often price tests a level of resistance or support without breaking it, the stronger the area of resistance or support is.
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iSmashProfit
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.