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    GBP/USD: meeting significant resistance level

       
    Cable has just rallied up to a significant resistance line at 1.5670 and been repulsed. This line has been touched several times as noted on he chart below, and this increases its importance as a level.

    If the exchange rate manages to break above the line, confirmed by a move above 1.5695, it would probably lead to a strong move higher, with an eventual target at 1.5800.
    GBPUSD29

       
    Cable has just rallied up to a significant resistance line at 1.5670 and been repulsed. This line has been touched several times as noted on he chart below, and this increases its importance as a level.

    If the exchange rate manages to break above the line, confirmed by a move above 1.5695, it would probably lead to a strong move higher, with an eventual target at 1.5800.
    GBPUSD29


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