The currency pair British Pound/US Dollar (GBP/USD) goes from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 1.34802 is certain.
Caution: A possible trend reversal in the direction of support at 1.33803 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘MACD crosses above signal’ indicator signal is existing. The indicator is ‘MACD crosses above signal’. this is usually a bullish signal. The pair is likely to go up.
And also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The pair is likely to go up.
And also a ‘Latter Bottom’ candle chart pattern is found. The chart forms ‘Latter Bottom’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.35577 |
| Next High | 1.34802 |
| Current Price | 1.34554 |
| Next Low | 1.33803 |
| 2nd Low | 1.33418 |
| 3rd Low | 1.33219 |
1.34802 – 1.35577 – 1.34426 – 1.34593 – 1.33803 – 1.33418 —
1.34802 – 1.34543 —
39.117212220719 – 41.506830121432 —
1.34802 – 1784282400 —
– 1784282400
Trading Signals: FOREX – GBP – GBP/USD – USD – Latter Bottom – – – – – – – – –