GBPUSD traders test the key support area.

Technical Analysis

Author: Greg Michalowski | gbpusd

What do you want to do...Buyers should enter HERE.



What do you see in the chart above?

I see a break above the ceiling at 1.2988-90 today. A move to 1.3050. We are back down retesting the ceiling.  Buyers should show up here if they want to support the break higher. A move below (and staying below) moves the price back in the Red Box. The buyers would be disappointed : ( and it could/should  lead to more selling momentum.