GBP/USD – 30M – BUYAdditionally a ‘Southern Doji’ candlestick pattern is found. The chart forms ‘Southern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
Additionally a ‘Double top chart pattern’ chart formation is existing. The chart forms ‘Double top chart pattern’. this is a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34236 |
| 2nd High | 1.33901 |
| Next High | 1.33485 |
| Current Price | 1.32868 |
| Next Low | 1.32644 |
| 2nd Low | 1.32471 |
| 3rd Low | 1.32333 |
1.33485 – 1.33387 – 1.33901 – 1.32900 – 1.32644 – 1.32471
Trading Signals: FOREX – GBP – GBP/USD – USD – Southern Doji