GBP/USD – 4H – BUYThe pair British Pound/US Dollar (GBP/USD) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance line at 1.35989 is certain.
Caution: A possible counter-trend in the direction of the support level at 1.34472 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37327 |
| 2nd High | 1.37116 |
| Next High | 1.35989 |
| Current Price | 1.36036 |
| Next Low | 1.34472 |
| 2nd Low | 1.33804 |
| 3rd Low | 1.31779 |
1.35757 – 1.35989 – 1.35892 – 1.34472 – 1.34746 – 1.34727 —
1.35135 – 1.35934 —
45.398106453122 – 64.921239211159 —
– —
1.35757 – 1777291200
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –