The combination British Pound/US Dollar (GBP/USD) breaks through the descending trendline up.
A bullish trend upwards to the next resistance level at 1.34426 is likely expected.
Caution: A possible counter-trend in the direction of the support level at should be noted.
Consider stop-loss settings accordingly.
Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Besides a ‘StochRSI %K crosses above 0.2’ indicator signal is detected. The indicator shows ‘StochRSI %K crosses above 0.2’. this is usually a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34607 |
| 2nd High | 1.34441 |
| Next High | 1.34426 |
| Current Price | 1.34205 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.34426 – 1.3431 – 1.34178 – 1.34184 – 1.34026 – 1.33902 —
1.34276 – 1.34161 —
51.283346252376 – 37.709728376094 —
– —
1.34426 – 1781634600
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –