We can see that the price for GBPUSD has
made a very strong move to the downside.
It is now pulling back and could possibly go
a bit higher to test the resistance level.
Will be paying attention to this pair when the
price is near the resistance level for rejections.
If enough rejections are shown,
the price is likely to test the previous and
even breaks below the trendline for more downside action!
made a very strong move to the downside.
It is now pulling back and could possibly go
a bit higher to test the resistance level.
Will be paying attention to this pair when the
price is near the resistance level for rejections.
If enough rejections are shown,
the price is likely to test the previous and
even breaks below the trendline for more downside action!