The recent strengthening of the US dollar has had a negative impact on GBPUSD price movements. This is because price action has been forced to fall back under the resistance at 1.2541 after breaking it to the upside. Major Price Levels: Resistance Levels: 1.2500, 1.2530, and 1.2560 Support …
D2T began moving sideways after the price hit the mark of $0.0233 on April 24. Then, after a lower resistance level formed at $0.021, we began to see both the resistance and the support levels growing closer as the standoff intensified around the equilibrium level of the market. The market seemed to …
GBPJPY Analysis: Market Begins Retracement Phase As Price Breaks Previous Swing High GBPJPY begins its retracement phase as the price breaks its previous swing high. The overall trend of the market is bullish, as its price continues to break previous highs. The ongoing retracement is likely to take …
