My previous GBP/USD signal on 20th September was not triggered, as the bearish price action took place above the resistance level which I had identified at $1.1
September that we were seeing a more bearish technical picture supported by a long-term bearish trend, with the price close to its low, strong resistance at $1.1451, and a bearishsuppressing the price. For these reasons, I was comfortable being short of this pair as I expected more downwards movement.
Over the last week, the British Pound has made a remarkable reversal, with the price of this currency pair rising by almost one thousand pips! This is a good example of how an asset moving in one direction with a very high level of volatility will often snap right back, with the same high level of volatility.
Despite the bullishness I doubt there will be a good long trade entry opportunity here today, although it is possible that the broken resistance level at $1.1217 might start to act as support.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DSAJ 20th Annual Buddy Walk®Join the Down Syndrome Association of Jacksonville as we unite for a common cause and raise funds at the DSAJ 20th Annual Buddy Walk®. Whether you have Down syndrome, know someone who does, or just want to show your support, take the first step and donate or register today! Help us spread the word; all are welcome for our day of celebration!To get started, just select the
Read more »
'226 Avenue V South is home': STR8 UP marks its 20th anniversaryOver the years, this Saskatoon organization has worked with more than 600 people trying to put the gang lifestyle behind them. saskatoon yxe stra8up
Read more »
Naruto Celebrates 20th Anniversary With New Key ArtNaruto has been going all out for the anime adaptation's 20th Anniversary, and it has celebrated [...]
Read more »
Man running with a rifle and reportedly firing it off is arrested, Phoenix Police sayIt was a scary scene at an apartment complex near 20th Avenue and Indian School Road as officers responded to reports of a man running with a rifle.
Read more »
With anti-LGBTQ laws proliferating, older activists say history is repeating itselfNEW YORK — Despite major progress in recent years in the fight for LGBTQ equality, older LGBTQ activists say the country is seeing increased political pushback against the LGBTQ communities, reminiscent of past anti-LGBTQ movements they lived through during the 20th century.
Read more »
‘Till’ Review: Chinonye Chukwu Re-Centers the Story of a Hate-Crime Victim on the Mother Who Made HistoryGrowing up in Texas toward the tail end of the 20th century, I was not taught about Emmett Till. I’ve learned about him since, of course. Till’s name adorns this year’s overdue federal antilynching…
Read more »