Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 213.298 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 214.189 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Three White Soldiers’ chart pattern is existing. The chart forms ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 214.999 |
| 2nd High | 214.322 |
| Next High | 214.189 |
| Current Price | 212.43800 |
| Next Low | 211.597 |
| 2nd Low | 211.279 |
| 3rd Low | 210.038 |
214.189 – 214.322 – 214.999 – 211.597 – 211.779 – 213.468 —
212.07800 – 212.36100 —
25.775010973592 – 45.341914139098 —
– —
214.189 – 1770285600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – – – – – – – – –