Out of focus Market Information image
Markets

Why today's price action is key for the GBPUSD

Breaking but not fully broken...

The GBPUSD pushed above a "tough nut to crack area" defined by Fibonacci resistance at 1.46339,, trend line resistance at 1.4650 and a prior swing high at 1.4667. That break sent the price to a new high going back to January 5th. But, the price has since moved back down and in the process moved below the old swing high at 1.4667.

That may muddy the water depending what happens next. So today is key for me. Find out more details by watching my short video below.

.

If you like or don't like the video, please let us know by:

1. Clicking the "Thumbs up" on our YouTube channel

2. Clicking on the "Thumbs down" on our YouTube channel

3. Commenting here or on our YouTube page

4. Sharing. DON'T FORGET TO SHARE!!!!

It is only by your feedback, that we get feedback (sounds obvious. That can be good or bad).

PS Be sure to "Subscribe" on our YouTube channel too!

PSS. To subscribe to our email list, click on the following box.

Get more ForexLive education

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos