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Tue, Jul 23, 2024

GBP/USD Re-tested the previous zone for 2 times, Wait for confirmation of Breakout (or) Reversal?
1 mins well spent

GBP/USD Analysis : 

After the announcement of UK Election date June 8, 2017, GBP/USD has made a straight upward move to 1.29 price level

As per the technical analysis, The market has went up from 1.21 to 1.29

Now, market tries to Breakout the top level and it is re-testing the previous zone for 2 times.

But, it fails to come inside the range.

Let’s wait for the confirmation of Breakout (or) Reversal to make good profits on GBP/USD.

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