GBP/USD Bounces Off Lows, Retests Previous Support as Resistance

in #forex11 days ago

Direct from the desk of Dane Williams,
This is not your average forex broker blog.




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GBP/USD Daily:
image.png

After GBP/USD went straight through daily support, price has now returned to retest the level as resistance.

We've seen risk currencies bounce off their lows across the board, but be aware that just like Cable here, they're mostly just retesting previous daily levels of support as resistance.

Are you watching the intraday price action around these levels?

Best of probabilities to you,

Dane.




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