GBP/USD – 1H – BUYFurthermore a ‘Double top retreat up’ chart pattern is found. The chart forms ‘Double top retreat up’. which is a bullish pattern signal. The pair is likely to go up.
The pair British Pound/US Dollar (GBP/USD) breaks through the descending trendline up.
An ascending movement up to the next resistance level at 1.37327 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 1.365 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.38473 |
| 2nd High | 1.37875 |
| Next High | 1.37327 |
| Current Price | 1.36623 |
| Next Low | 1.365 |
| 2nd Low | 1.36227 |
| 3rd Low | 1.34015 |
1.37327 – 1.37149 – 1.37875 – 1.365 – 1.36227 – 1.3742 —
1.37157 – 1.36721 —
56.689208890956 – 33.346390306 —
– —
1.37327 – 1770202800
Trading Signals: FOREX – GBP – GBP/USD – USD – – Double top retreat up – – – – – – – –