Buy GBP/USD – 30M – BUY

The currency pair British Pound/US Dollar (GBP/USD) breaks through the bullish trendline upwards

A continuation of the uptrend upwards to the next resistance at 1.27142 is expected.

Caution: A possible trend reversal in the direction of the support line at 1.26794 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles form ‘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 success rate of a ‘Three White Soldiers’ going up is 82%.

Support & Resistance Price Range*
3rd High 1.27686
2nd High 1.27202
Next High 1.27142
Current Price 1.27419
Next Low 1.26794
2nd Low 1.26448
3rd Low 1.25663

Download GBP/USD Signal Image

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