GBP/USD – 30M – BUYThe currency pair British Pound/US Dollar (GBP/USD) goes from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance level at 1.26132 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 1.25480 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three White Soldiers’ candle chart pattern is found. The chart shows ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.26595 |
| 2nd High | 1.26573 |
| Next High | 1.26132 |
| Current Price | 1.25754 |
| Next Low | 1.25480 |
| 2nd Low | 1.24870 |
| 3rd Low |
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers