GBP/USD – 1H – BUYThe pair breaks through the bearish trendline up.
A bullish trend up to the next resistance level at 1.30013 will continue.
Caution: A possible change in the direction of the support level at 1.29393 could happen.
Please make appropriate stop-loss settings in the case of a trade.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30708 |
| 2nd High | 1.30151 |
| Next High | 1.30013 |
| Current Price | 1.29694 |
| Next Low | 1.29393 |
| 2nd Low | 1.29072 |
| 3rd Low |