GBP/USD – 1H – BUYThe pair British Pound/US Dollar (GBP/USD) breaks through the bearish trendline up.
A bullish ascent up to the next resistance line at 1.31088 will persist.
Caution: A possible trend reversal in the direction of the support line at 1.30382 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. this is usually a bullish chart scenario. The pair is likely to go up.
Moreover a ‘MACD crosses above signal’ indicator signal is discovered. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3176 |
| 2nd High | 1.31231 |
| Next High | 1.31088 |
| Current Price | 1.31108 |
| Next Low | 1.30382 |
| 2nd Low | 1.3037 |
| 3rd Low | 1.30096 |
1.31088 – 1.31231 – 1.3176 – 1.30382 – 1.3037 – 1.31332 —
1.31013 – 1.30978 —
54.255869984617 – 51.087474140487 —
– —
1.31088 – 1763758800
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –