GBP/USD – 30M – BUYAdditionally a ‘Double bottom chart pattern’ chart formation is found. The chart shows ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to rise.
The currency pair British Pound/US Dollar (GBP/USD) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 1.31152 is expected.
Caution: A possible change in the direction of the support level at 1.3095 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31231 |
| 2nd High | 1.31159 |
| Next High | 1.31152 |
| Current Price | 1.31200 |
| Next Low | 1.3095 |
| 2nd Low | 1.308 |
| 3rd Low | 1.30382 |
1.31152 – 1.31159 – 1.3111 – 1.3095 – 1.308 – 1.30872 —
1.31280 – 1.31290 —
65.329862038028 – 51.033373069339 —
– —
1.31152 – 1764041400
Trading Signals: FOREX – GBP – GBP/USD – USD – – Double bottom chart pattern – – – – – – – –