GBP/USD – 30M – BUYThe currency pair British Pound/US Dollar (GBP/USD) jumps from the ascending trendline up.
A continuation of the uptrend up to the next resistance at 1.27612 is likely expected.
Caution: A possible change in the direction of the support level at 1.27394 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three White Soldiers’ candle pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish signal. The pair is likely to go up. 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 | 1.28732 |
| 2nd High | 1.27705 |
| Next High | 1.27612 |
| Current Price | 1.27635 |
| Next Low | 1.27394 |
| 2nd Low | 1.27315 |
| 3rd Low | 1.26296 |
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers