- GBP/USD and The 2018 Resistance -
Once again, the British Pound is reaching the major resistance level (1.3750) which has been tested multiple times but it hasn’t been able to break above.
Now, from my point of view, apart for the major resistance since 2018, we also have the previous trendline support which turned resistance.
If the previous trendline support (now, resistance) and the horizontal resistance is respected, my target will be 1.355.
NOTE: wait for confirmation.
If you have a different view, please share, I would love to hear your analysis.
Now, from my point of view, apart for the major resistance since 2018, we also have the previous trendline support which turned resistance.
If the previous trendline support (now, resistance) and the horizontal resistance is respected, my target will be 1.355.
NOTE: wait for confirmation.
If you have a different view, please share, I would love to hear your analysis.
Related publications
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.