EUR/GBP – 30M – BUYThe currency pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards
An ascent upwards to the next resistance level at 0.86861 is considered certain.
Caution: A possible change in the direction of the support line at 0.86662 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 0.867755 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 0.86861 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87085 |
| 2nd High | 0.86907 |
| Next High | 0.86861 |
| Current Price | 0.86795 |
| Next Low | 0.86662 |
| 2nd Low | 0.86644 |
| 3rd Low | 0.86534 |
0.86861 – 0.86778 – 0.86907 – 0.86662 – 0.86707 – 0.86644 —
0.86799 – 0.86797 —
51.604654110018 – 55.097960631101 —
– —
0.86861 – 1767961800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double top chart pattern – – – – – – – –