At the moment we price is currently in a strong support and resistance zone ( green box ) In the trading week ahead we will be looking at 2 possibilities. 1. Price breaks out in a bullish manor and makes a run up to our 1st TP zone 146.800 ( 270 pips ) which is previous resistance with the possibility of making further bullish movement and reaching our next TP...
GBPUSD continues to trade in a triangle formation following a re-test of the confirmed rising trendline drawn for the 11th of December low. The trendline re-test coincides with the psychological support level at 1.30000 where we also have the 61.8% Fibonacci retracement of the rally from the 11th of December low to the March the 13th high. We are still below both...