Posts
GBP/USD to Resistance Zone
25
@forexbrokr
··
0 views
1 min read
Direct from the desk of Dane Williams.
It's been a while since we've spoken about Cable, the last time being when GBP/USD went vertical down after holding resistance on the daily.
Well since then we've seen the USD weaken significantly and Cable rip higher as a result, straight up into the next zone of daily resistance.
GBP/USD Daily:
If you move your charts across to the left, you can see that this zone is a bit subjective but we've focused on the most recent price action to place it.
Let's wait and see how the pair reacts to the zone before blindly entering a day trading position from it.
Best of probabilities to you,
Dane.
FOREX BROKR | Hive Blog Higher time frame market analysis.
Posted Using LeoFinance
