Will Resistance Break?

This is a market we have discussed quite a bit in recent times.

As the daily chart shows, price is now making a fresh test to break higher and out of the resistance level.

Whilst price recently formed a large bearish false break signal at this level, we did not see a large sell off.

Price has steadily built momentum and is looking to break out higher.

If we can now get a fresh breakout higher it could activate long trades.