Make or break level for the sellers, will they make it?
GBP/USD is currently at the critical level. The area around 1.42 was instrumental
in bringing down the price last time. So, do the sellers have a chance?
We are looking for some strong bearish price action in this resistance level, which
will indicate the presence of sellers.
If strong bearish price action happens here, a sell entry@1.4190-1.4225 with SL above
1.43 and TP at 1.3780 would be a possible sell signal.
However, a strong break above the resistance level will indicate that the uptrend will continue.
in bringing down the price last time. So, do the sellers have a chance?
We are looking for some strong bearish price action in this resistance level, which
will indicate the presence of sellers.
If strong bearish price action happens here, a sell entry@1.4190-1.4225 with SL above
1.43 and TP at 1.3780 would be a possible sell signal.
However, a strong break above the resistance level will indicate that the uptrend will continue.
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