GBPUSD worked out beautifully for us last week.
Following the May 11th close below wedge support at 1.2360, that area became new resistance on May 12th.
The wedge pattern below and the potential for a move below 1.2360
You can also see how GBPUSD was “leaning” on support for several days.
With GBPUSD now below 1.2200, that area becomes resistance with support coming in at 1.2000.
Following the May 11th close below wedge support at 1.2360, that area became new resistance on May 12th.
The wedge pattern below and the potential for a move below 1.2360
You can also see how GBPUSD was “leaning” on support for several days.
With GBPUSD now below 1.2200, that area becomes resistance with support coming in at 1.2000.