Home / Tag Archives: Support and Resistance Lines

Tag Archives: Support and Resistance Lines

GBPUSD is making a second break….

GBPUSD technical analysis

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 ...

Read More »

Support and Resistance Lines

What is Support and Resistance? What Does Support Mean? A support level is the price at which buyers are expected to enter the market in sufficient numbers to take control from sellers. The market has a memory. When price falls to a Low and then rallies, buyers who missed out ...

Read More »