The currency pair British Pound/US Dollar (GBP/USD) moves from the bullish trendline upwards
A continuation of the upward movement up to the next resistance at 1.32764 will continue.
Caution: A possible trend reversal in the direction of the support level at 1.32282 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The pair is likely to go up.
In addition a ‘MACD crosses above signal’ indicator signal is existing. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart scenario. The pair is likely to go up.
In addition a ‘Three Line Strike – Bullish’ candle pattern is detected. The candles form ‘Three Line Strike – Bullish’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34336 |
| 2nd High | 1.33246 |
| Next High | 1.32764 |
| Current Price | 1.32505 |
| Next Low | 1.32282 |
| 2nd Low | 1.3212 |
| 3rd Low | 1.31877 |
1.32764 – 1.32467 – 1.32619 – 1.32282 – 1.3212 – 1.31877 —
1.32523 – 1.32481 —
52.411049192183 – 46.550910783526 —
– —
1.32764 – 1782842400
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Line Strike – Bullish – – – – – – – – –