Definitions for "Resistance Level"
Usually identified on a chart by a price high or series of high points, above the market, where prices previously "met resistance" or "ran into resistance" and stopped rising.
A range of prices which represent a temporary ceiling or floor.
This is the price at which a currency pair goes up to, but does not go above. At the resistance level, the upward movement turns into a downward movement as there becomes more selling than buying.