Dana16

- GBP/USD and The 2018 Resistance -

Short
OANDA:GBPUSD   British Pound / U.S. Dollar
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.

Comments

Bravo
+1 Reply
Dana16 Dave-FX-Hunter
@Dave-FX-Hunter thank you !
Reply
That's a very good perceptive.
+1 Reply
Dana16 abel11
@abel11 thank you!
Reply
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