The Pound
has found a good resistance around the 1.5700 level versus the Dollar, but it
has actually stayed consolidated between the 1.5600 and the 1.5700. On the
Daily chart we can see that the price has formed a bearish channel or a “falling
wedge” pattern; both are formations with bullish implications, because if the
upper trend line of the channel is broken to the upside, then the price may
accelerate in that direction. A change in trend or direction is possible.
Great assessment. I'll keep a close eye on it.
ReplyDeleteGood point, I will keep it in mind!
ReplyDeleteVery useful information! Thanks.
ReplyDeleteGood analysis.
ReplyDeleteThis analysis is very useful!
ReplyDeleteNice article.
ReplyDeletevery useful.
ReplyDeleteIt's a possibility.
ReplyDelete