USDMXN Almost Reached Its Resistance at 23.01
June 25, 2020
ETHUSD Loses Strength
June 26, 2020
GBPMXN CHART PRICE – GBPMXN DAILY
The British Pound is getting closer to its resistance level at 28.62, the pair closed the week session at 28.4515, we could expect the price to reach and break 28.62 since the Relative Strength Index is currently at 55% after being at 48% just a few days, this means that more traders are going Long on this asset, we can see that the bollinger bands are narrow but we can always expect a gap on the session reopening, specially with exotic pairs such as the GBPMXN. The support and resistance levels on this pair have proven to be very strong as they have not been broken since June 10th.
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.
