Swing High

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Swing High

On a chart, a peak in an indicator or price. Swinging high may indicate that a trend is nearing reversal; on the other hand, swinging high at successively higher levels may be a bullish indicator. See also: Swing Low
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And finally, there were a couple prior swing highs that were exceeded to the upside on a weekly closing basis.
Above the swing high is a range of potential resistance going up to the double top high of around 3,680 to 3,684.
Lower swing highs and lower swing lows indicates that the down trend is back and unless Sterling can break out of this new descending trend channel, the 1.
Currency markets seemed strangely complacent in the first week of August, showing next to no follow-though as five-month long rally in risky assets raced past major swing highs in the last days of July.
0900, while subsequent swing highs point to former resistance at 1.
Resistance is more precise with six unique swing highs that set a range around 7.
GBP/USD Strategy: Flat Last week, we noted that GBPUSD was signaling a downward reversal, showing a Star candlestick with next-day bearish confirmation following a test of resistance at a falling trend line connecting major swing highs from late October.
GBP/USD Strategy: Flat As was the case last week, GBPUSD traded up for another test of resistance at a falling trend line connecting major swing highs from late October.