GBP/USD – 30M – BUYAdditionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The pair is likely to go up.
Additionally a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.38473 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.38337 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candlestick chart pattern is existing. The candles show ‘Three White Soldiers’. 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 chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38686 |
| 2nd High | 1.38473 |
| Next High | 1.38337 |
| Current Price | 1.38118 |
| Next Low | 1.3742 |
| 2nd Low | 1.36635 |
| 3rd Low | 1.36426 |
1.38337 – 1.38473 – 1.3801 – 1.3742 – 1.37494 – 1.36635 —
1.38052 – 1.38081 —
49.271972850229 – 51.774668456324 —
– —
1.38337 – 1769704200
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers – – – – – – – – –