GBP/USD – 30M – BUYThe pair breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance line at 1.29799 is certain.
Caution: A possible change in the direction of the support level at 1.29157 could happen.
In the case of a trade, always set appropriate stop-loss settings.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30151 |
| 2nd High | 1.30147 |
| Next High | 1.29799 |
| Current Price | 1.29768 |
| Next Low | 1.29157 |
| 2nd Low | 1.28841 |
| 3rd Low | 1.28436 |