The combination British Pound/US Dollar (GBP/USD) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 1.36575 will continue.
Caution: A possible change in the direction of the support level at could happen.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.35847 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 1.36575 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36711 |
| 2nd High | 1.36613 |
| Next High | 1.36575 |
| Current Price | 1.35676 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.36575 – 1.35275 – 1.35757 – 1.35132 – 1.35119 – 1.3568 —
1.35670 – 1.35446 —
62.895995355584 – 44.970405346441 —
– —
1.36575 – 1777654800
Trading Signals: FOREX – GBP – GBP/USD – USD – – Rising Wedge Chart Pattern – – – – – – – –