GBP/USD 1.36462 level
I wanted to share on the significant strenght of 1.36462 level history on this pair, and why I see a potential sell with take profit at 1.33000 level.
1. This level dates back to Jun and Mar of 2009 as support.
2. Price broke through in Jun of 2016.
3. Level acted as resistance in Sept 2017
4. Broke past resistance around Jan 2018
5. Past support April 2018
6. Past resistance again in Jan 2021
7. Held as support in Jul, Aug, and Sept of 2021
8. Past support in Oct 2021 & broke around Nov 2021
9. Came back to this level in Jan 2022
10. Feb 2022 price looks like it's struggling to surpass this level with some rejections on the daily chart
I will hold on placing an order until I see at least a bearish confirmation, but will keep in mind this can possibly break past resistance for a break and re test to the upside as it did in the past. Please feel free to comment and let me know what everyone thinks.
1. This level dates back to Jun and Mar of 2009 as support.
2. Price broke through in Jun of 2016.
3. Level acted as resistance in Sept 2017
4. Broke past resistance around Jan 2018
5. Past support April 2018
6. Past resistance again in Jan 2021
7. Held as support in Jul, Aug, and Sept of 2021
8. Past support in Oct 2021 & broke around Nov 2021
9. Came back to this level in Jan 2022
10. Feb 2022 price looks like it's struggling to surpass this level with some rejections on the daily chart
I will hold on placing an order until I see at least a bearish confirmation, but will keep in mind this can possibly break past resistance for a break and re test to the upside as it did in the past. Please feel free to comment and let me know what everyone thinks.
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