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A quick move expected on GBP/USD as it starts approaching a support line of a Channel Down

GBP/USD is heading towards the support line of a Channel Down and could reach this point within the next 10 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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NZD/USD Target Level: 0.6346

NZD/USD Target Level: 0.6346

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Important resistance line being approached by UK100. This price has been tested numerous time in the last 35 days

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