GBP/USD – 4H – BUYThe currency pair British Pound/US Dollar (GBP/USD) goes from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.36429 is considered certain.
Caution: A possible change in the direction of the support line at is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.
Besides a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair is likely to rise.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 1.36124958 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance line at 1.36429 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37116 |
| 2nd High | 1.36575 |
| Next High | 1.36429 |
| Current Price | 1.35855 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.36429 – 1.36575 – 1.35757 – 1.35119 – 1.34538 – 1.34472 —
1.35991 – 1.35608 —
55.877185995789 – 44.942270159451 —
– —
1.36429 – 1778068800
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –