The GBPUSD price had earlier broken through 1.2541 in previous trading sessions. However, trading activities seem to have been acted upon by headwinds, which caused it to retreat below the already broken resistance. Also, very recently, there was a recovery over the past two trading sessions, which …
On Wednesday last week, price action retraced steeply downward after testing the resistance near the 0.6797 price mark. Subsequently, price action also poked through the support at 0.6653. However, buyers are now attempting to reclaim 0.6753. Major Price Levels: Resistance Levels: 0.6641, …
GBPJPY Analysis: Price Plunges Lower Following The Formation Of A Failure Swing GBPJPY plunges lower following the formation of a failure swing. The market has been in an upward trend since the beginning of the year. However, the RSI (Relative Strength Index) is currently indicating that the market …
