GBP/USD – 30M – BUYBesides a ‘Inverted Hammer’ candle chart pattern is found. The candles show ‘Inverted Hammer’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ going up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.29253 |
| 2nd High | 1.28732 |
| Next High | 1.28109 |
| Current Price | 1.27394 |
| Next Low | 1.27211 |
| 2nd Low | 1.26296 |
| 3rd Low | 1.26171 |
Trading Signals: FOREX – GBP – GBP/USD – USD – Inverted Hammer