Home / FOREX / GBPUSD is making a second break….
GBPUSD technical analysis
GBPUSD technical analysis

GBPUSD is making a second break….

GBPUSD is making a second break at the daily high. The first move failed after the price move toward the next target at the 1.2543 level, fell short. As a result, the price rotated back lower and found support at the 100h MA which is a good sign for the longs. Stay long as long the price is trading above the 1.25 level.

 

Check Also

EURUSD trading

EURUSD

EURUSD has been trading within a well defined uptrend over the last several months, since breaking out in early 2017. 1.2360 provided support to the pair in early February and now switches to resistance. The pair’s top level was $1.2555, and recent low was 1.2155. Immediate resistance is seen around 1.2350. A clear break above ...