Buy GBP/USD – 1H – BUY

The currency pair British Pound/US Dollar (GBP/USD) breaks through the ascending trendline up.

A continuation of the upward movement up to the next resistance at 1.27142 is certain.

Caution: A possible change in the direction of support at 1.26448 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.2694 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 1.27142 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three White Soldiers’ candle chart pattern is found. The candles show ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

Support & Resistance Price Range*
3rd High 1.27686
2nd High 1.27202
Next High 1.27142
Current Price 1.27021
Next Low 1.26448
2nd Low 1.25246
3rd Low 1.25067

Download GBP/USD Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals