GBP/USD – 30M – BUYThe combination British Pound/US Dollar (GBP/USD) goes from the descending trendline upwards
A bullish movement upwards to the next resistance at 1.3457 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 1.33606 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish SBS White Lines’ candlestick pattern is discovered. The candles form ‘Bearish SBS White Lines’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3483 |
| 2nd High | 1.34804 |
| Next High | 1.3457 |
| Current Price | 1.33809 |
| Next Low | 1.33606 |
| 2nd Low | 1.32826 |
| 3rd Low | 1.32528 |
1.3457 – 1.34804 – 1.3483 – 1.33606 – 1.3393 – 1.341 —
1.33857 – 1.33982 —
44.965920601065 – 44.015285134854 —
– —
1.3457 – 1773214200
Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish SBS White Lines – – – – – – – – –