GBP/USD – 1H – BUYThere is also a ‘Hammer’ candle pattern is discovered. The candles form ‘Hammer’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.24938 |
| 2nd High | 1.23218 |
| Next High | 1.22498 |
| Current Price | 1.21849 |
| Next Low | 1.20991 |
| 2nd Low | |
| 3rd Low |