GBPUSD
Cable managed to break the resistance at 1.22017 and entered the range 1.22017 - 1.22994. The price seems to be correcting to support 1.22017 before trying to break through its new resistance again. The MA Pattern still shows a strong uptrend with a far enough reversal point at support 1.20604.
R3 1.24639
R2 1.24093
R1 1.22994
PV 1.22017
S1 1.20608
S2 1.20102
S3 1.19144
Cable managed to break the resistance at 1.22017 and entered the range 1.22017 - 1.22994. The price seems to be correcting to support 1.22017 before trying to break through its new resistance again. The MA Pattern still shows a strong uptrend with a far enough reversal point at support 1.20604.
R3 1.24639
R2 1.24093
R1 1.22994
PV 1.22017
S1 1.20608
S2 1.20102
S3 1.19144