The combination Euro/British Pound (EUR/GBP) moves from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 0.86729 will continue.
Caution: A possible change in the direction of the support zone at 0.86565 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 0.86717 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 0.86729 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86922 |
| 2nd High | 0.86741 |
| Next High | 0.86729 |
| Current Price | 0.86625 |
| Next Low | 0.86565 |
| 2nd Low | 0.8652 |
| 3rd Low | 0.86512 |
0.86729 – 0.86741 – 0.86922 – 0.86565 – 0.8652 – 0.86512 —
0.86716 – 0.86657 —
60.564505782331 – 45.104077366893 —
– —
0.86729 – 1768419000
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double top chart pattern – – – – – – – –