Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.33793224 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 1.34092 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three White Soldiers’ candle chart pattern is found. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34902 |
| 2nd High | 1.34316 |
| Next High | 1.34092 |
| Current Price | 1.33727 |
| Next Low | 1.32826 |
| 2nd Low | 1.32528 |
| 3rd Low | 1.31792 |
1.34092 – 1.33864 – 1.34027 – 1.32826 – 1.33109 – 1.32971 —
1.33076 – 1.33568 —
38.56207282313 – 52.819296068199 —
– —
1.34092 – 1772820000
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers – – – – – – – – –