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GBPUSD, USDJPY Bullish Breaks Slam Into Fresh Resistance

Discussion in 'Technical Analysis' started by Kaitlin, Apr 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD remains in the small bear flag chart pattern (orange and green trend lines). Price could use the broken support (dotted green) as resistance but a break above it (purple) could indicate that the bearish price action was a mere retracement. A bearish break of the bear flag could[​IMG]

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