The combination British Pound/US Dollar (GBP/USD) breaks through the bearish trendline up.
The bullish trend up to the next resistance level at 1.3379 will persist.
Caution: A possible change in the direction of the support zone at 1.32528 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘RSI Bullish Divergence’ indicator layout is detected. The indicator is ‘RSI Bullish Divergence’. chart scenario.
There is also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.
There is also a ‘Three Outside Up’ candlestick chart pattern is detected. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34027 |
| 2nd High | 1.33864 |
| Next High | 1.3379 |
| Current Price | 1.33334 |
| Next Low | 1.32528 |
| 2nd Low | 1.31792 |
| 3rd Low | 1.31237 |
1.3379 – 1.33724 – 1.33764 – 1.33109 – 1.32971 – 1.33056 —
1.33002 – 1.33076 —
25.951476333968 – 36.33692915276 —
– —
1.3379 – 1772793000
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Outside Up – – – – – – – – –