The currency pair British Pound/US Dollar (GBP/USD) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance line at 1.35674 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 1.34015 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.
Moreover a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36809 |
| 2nd High | 1.36712 |
| Next High | 1.35674 |
| Current Price | 1.35333 |
| Next Low | 1.34015 |
| 2nd Low | 1.34008 |
| 3rd Low | 1.33383 |
1.35083 – 1.3439 – 1.34589 – 1.34015 – 1.34095 – 1.34008 —
1.34983 – 1.35074 —
59.632636149072 – 60.924946578738 —
– —
1.35083 – 1769130000
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –