The pair British Pound/US Dollar (GBP/USD) breaks through the descending trendline up.
A bullish ascent up to the next resistance at 1.35779 is certain.
Caution: A possible trend reversal in the direction of the support level at 1.35132 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.
Also there is a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36035 |
| 2nd High | 1.3601 |
| Next High | 1.35779 |
| Current Price | 1.35766 |
| Next Low | 1.35132 |
| 2nd Low | 1.35119 |
| 3rd Low | 1.34538 |
1.35779 – 1.3569 – 1.3601 – 1.35132 – 1.35119 – 1.3523 —
1.35409 – 1.35736 —
43.018681266791 – 64.969460711221 —
– —
1.35779 – 1778005800
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers – – – – – – – – –