Dear traders,
All the best for new trading week,
Pound vs Dollar pair in the bullish trend for last 3 weeks are so, price action set up and price zones still enhances the move of upwards, this pair finds strong support at 1.25 area which retraced at last week last day, price looks to breaks the upper resistance of 1.27500. trend likely to continue till 1.31 area.. else price may breakdown towards 1.23. still it looks like a buy this week. lets wait and watch
Thank you
Note - Predictions based on pure technical analysis , Fundamentals impact also reflects in price movements.
All the best for new trading week,
Pound vs Dollar pair in the bullish trend for last 3 weeks are so, price action set up and price zones still enhances the move of upwards, this pair finds strong support at 1.25 area which retraced at last week last day, price looks to breaks the upper resistance of 1.27500. trend likely to continue till 1.31 area.. else price may breakdown towards 1.23. still it looks like a buy this week. lets wait and watch
Thank you
Note - Predictions based on pure technical analysis , Fundamentals impact also reflects in price movements.