mybe test support at 1.32965
GBP/USD Possible Reversal Pattern Forming?
Good afternoon traders, After GBP/USD found support after rolling over, price has continued to rip higher through through range resistance. But taking a look at the current Cable daily chart, we can see that the range breakout hasn’t seen any momentum behind it and a reversal pattern might instead be forming: While price has gone through how I drew the range top resistance line, if you look at the price action from the post-Brexit fallout on that chart, you can see that depending how you drew the line, the resistance ZONE could still be holding. The higher the time frame, the more likely support/resistance is to be ... (full story)