GBP/USD – 1H – BUYIn addition a ‘Double top retreat up’ chart layout is found. The chart shows ‘Double top retreat up’. which is a bullish chart scenario. The pair is likely to go up.
The currency pair British Pound/US Dollar (GBP/USD) jumps from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 1.36220 is certain.
Caution: A possible reversal of the trend in the direction of the support zone at 1.35342 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.36321 |
| Next High | 1.36220 |
| Current Price | 1.35579 |
| Next Low | 1.35342 |
| 2nd Low | 1.35161 |
| 3rd Low | 1.34639 |
1.36220 – 1.36026 – 1.36321 – 1.35342 – 1.35161 – 1.35224