Last two weeks we have had a nice bullish run up to 94.00.
There are a few options that are on my mind.
- We either break 94.00 and have 96.00 as our next target.
- We have a nice Daily close below 94.00 and aim for 93.00 as our first target.
- 93.00 Will also be a critical level to see if price will break it our bounce back to 94.00 > Probability of breaking...
Price is back at a very critical resistance level (148.100) area. This zone has help since early 2016. GBP gaining a lot of strength & could potentially be gaining more.. This is a strong zone, but a potential rate hike for the pound is possibly soon, & can send this pair flying up to its next resistance area 151.650 area. Not rushing into anything with this pair...
