Hello, with price above the 19990 -20010 levels, will these levels usually act as support?
thanks
tom
Ignored
Yes, in last week, 2.0040-2.0060 level was the most intense cost level and we still see that these levels are resistance now. In today's fall 2.0000 level was a support level. Market makers have grown their positions by making psychological pressure at their cost levels.
After the buys from 1.9990,Gbp/Usd again went over 2.0060 level but many sells around here prevented price to go over 2.0060.
After the break of 1.9990, we saw a fall of 100 pips. For a new up movement, 1.9900 level is important.If I can be here, i will try to add new charts.
After many trades at 1.9930, we went up to 2.0030 and now we are trading around 1.9990 which was the last week's most important cost point. If we dont see much sells around here, we can see a new high soon.
