Home Polls & Quizzes GBPUSD: Will the Resistance Level be Held Again?

GBPUSD: Will the Resistance Level be Held Again?

46
0

GBPUSD after being very bearish on the daily chart, the price seems to be having a bearish divergence on the H4 chart. The price has been obeying a bearish equidistant channel and just had another bounce today.

GBPUSD is now heading towards the resistance level. The sellers would love to see the level is held and get an H4 bearish reversal candle to go short again. The question is whether the price will be held by the resistance level or it will be breached.

Let us have a poll on this.

Scenario 1: The level will be held and the price will head towards the South again.

Scenario 2: The level will not be held but breached and the price will head towards the North.

Will the Resistance Level be Held Again?

LEAVE A REPLY

Please enter your comment!
Please enter your name here