The pair British Pound/US Dollar (GBP/USD) breaks through the descending trendline upwards
An ascending movement upwards to the next resistance level at 1.35365 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 1.33804 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The pair is likely to go up.
In addition a ‘MACD crosses above signal’ indicator layout is discovered. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart scenario. The pair is likely to go up.
In addition a ‘RSI Bullish Divergence’ indicator layout is discovered. The indicator shows ‘RSI Bullish Divergence’. which is often a bullish chart scenario. The pair is likely to go up.
In addition a ‘MACD-Hist Bullish Divergence’ indicator layout is discovered. The indicator shows ‘MACD-Hist Bullish Divergence’. which is often a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36613 |
| 2nd High | 1.35944 |
| Next High | 1.35365 |
| Current Price | 1.35246 |
| Next Low | 1.33804 |
| 2nd Low | 1.32356 |
| 3rd Low | 1.3211 |
1.35365 – 1.35944 – 1.35785 – 1.35161 – 1.35534 – 1.35431 —
1.35209 – 1.35103 —
36.624648189313 – 30.555932568426 —
– —
1.35365 – 1776387600
Trading Signals: FOREX – GBP – GBP/USD – USD – – Rising Wedge Chart Pattern – – – – – – – –