GBP/USD – 1H – BUYAdditionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.
Additionally a ‘Tweezers Top’ candlestick pattern is existing. The candles show ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.34433 |
| Next High | 1.33451 |
| Current Price | 1.32810 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.33451 – 1.34433 – 1.33320 – 1.32598 – 1.33086 – 1.33800
Trading Signals: FOREX – GBP – GBP/USD – USD – Tweezers Top