$BTW breaks through the 1.2 threshold, with the current price at 1.2053.
Round-number levels aren't magical in themselves, but limit orders, stop-losses, and psychological expectations tend to cluster around them, so battles between bulls and bears often get drawn out.
The key is whether 1.2 holds on a pullback. If it does, resistance turns into support. Do you think this is the beginning or the end?
Round-number levels aren't magical in themselves, but limit orders, stop-losses, and psychological expectations tend to cluster around them, so battles between bulls and bears often get drawn out.
The key is whether 1.2 holds on a pullback. If it does, resistance turns into support. Do you think this is the beginning or the end?