Cartela

HOW CRUCIAL IS THE PRICE LEVEL OF 1.26977?

Short
FX:GBPUSD   British Pound / U.S. Dollar
In weekly timeframe , Price in recent time, has been growing a bullish trend and it’s currently approaching the price zone of 1.26977. What next do we expect the market do at that price level ? Can we once more, experience a fall from that level ? Or Do we see a situation where price will break above that price zone to insight more bullish price action?
From technical standpoint, we look forward to seeing a sell opportunity develop away from that zone since it’s been serving as a dynamic support and resistance.

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