Importantresistence
GBPUSD MAY GET STUCK IN RANGE !!The GBPUSD has hit a significant resistance after a strong uptrend.
After hitting the resistance, it broke its uptrend line and then after a fall and hitting the support , it broke the downtrend line and with these moves, I expect it stuck in range between the prices of 1.38880 and 1.37300.
However, we must also have the possibility of breaking the resistance, and if this happens, we will see the ascent to a higher goal.
WILL NASDAQ BREAK THE TREND LINE OR NOT!!!Nasdaq was not able to break its important resistance after several try, and we saw a good fall after each hit.
Even now, Nasdaq has hit the resistance and continue fall. If the price is supported after hitting the trend line, we can expect a return to the important resistance.
But if the trend line breaks, we will see the fall to the goal.