Price has been ranging beween 166.37 and 166.37. However, the last 3 candles haa found a new support level @ 166.133 with the same resistance level. Which in my own perspertive GBP is gearing for a bullish run if price could breakout of the main resistance key zone @ 166.60 and retest .
Another observation was price has been using thr moving average a a support (Confluence) bouncing off it couple of times.
So, lemme know your take or analysis in the comment below.
Let's go!!!
Another observation was price has been using thr moving average a a support (Confluence) bouncing off it couple of times.
So, lemme know your take or analysis in the comment below.
Let's go!!!
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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.