Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 215.140128 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 216.592 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three White Soldiers’ candlestick pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 216.592 |
| Current Price | 213.90500 |
| Next Low | 210.44 |
| 2nd Low | 210.314 |
| 3rd Low | 209.704 |
216.592 – 216.271 – 215.838 – 210.44 – 215.479 – 215.037 —
213.02600 – 213.29800 —
43.920922863314 – 49.764988071203 —
– —
216.592 – 1777545000
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – – – – – – – – –