GBP/USD tests resistance at 1.3160

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The GBP/USD surged, as soon as it passed the resistance of the 1.3100 level. Soon after the event the rate touched the weekly R1 at the 1.3149 level. By the middle of Tuesday's trading the rate was testing a strong resistance cluster at the 1.3160 level. 

Near that level a Fibonacci retracement level and a dominant trend line of a large scale descending pattern are located at. 

If this cluster gets broken, the pair will approach the 1.3200 level, which is providing psychological resistance and is being strengthened by the upper trend line of the largest scale channel down pattern. Zoom out to see the larger patterns better.
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Actual Topics

Tue, 26 Feb 2019 10:41:15 GMT

USD/JPY massively increases volatility

The USD/JPY has crashed the short and medium term patterns. Namely, it jumped suddenly on Monday when the pair broke the resistance of a medium scale descending pattern. 

Tue, 26 Feb 2019 10:33:19 GMT

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