Since September this year, many pound pairs have been doing extremely well.
Like GBPUSD, it has went up from the support of 1.20 to current 1.313. There is a daily resistance at 1.3166 as evidenced by the recent candles as well.
Prices are expected to correct next week but how low it will go, let's observe on weekly basis.
Like GBPUSD, it has went up from the support of 1.20 to current 1.313. There is a daily resistance at 1.3166 as evidenced by the recent candles as well.
Prices are expected to correct next week but how low it will go, let's observe on weekly basis.
Comment:
10 Dec 2200 hours, it break outs and closed above the resistance level of 1.31663. However, it was a false breakout as shortly on 11 Dec 0200 hours, it begins to head south. Due to the election in UK, this pair will have volatile movements so trade cautiously with appropriate risk and capital management
Comment:
Praise the Lord. It did touch on the bullish channel with its correction and shoot up so high that you have to adjust the chart view to see the top candle. WOW,WOW, WOW.
Congrats to those who long GBP pairs, you are laughing to the bank, haha.
Congrats to those who long GBP pairs, you are laughing to the bank, haha.